Unum Group (UNM) Declares $0.23 Quarterly Dividend
Unum Group (NYSE:UNM) declared a quarterly dividend on Tuesday, January 16th, RTT News reports. Stockholders of record on Monday, January 29th will be paid a dividend of 0.23 per share by the financial services provider on Friday, February 16th. This represents a $0.92 annualized dividend and a dividend yield of 1.57%.
Unum Group has increased its dividend payment by an average of 11.5% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Unum Group has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Unum Group to earn $5.06 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 18.2%.
Shares of Unum Group (UNM) traded up $0.37 during trading on Tuesday, hitting $58.59. The stock had a trading volume of 997,300 shares, compared to its average volume of 1,420,722. The firm has a market cap of $13,150.00, a PE ratio of 13.75, a P/E/G ratio of 1.65 and a beta of 1.66. Unum Group has a fifty-two week low of $43.55 and a fifty-two week high of $58.73. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29.
In other Unum Group news, Director E Michael Caulfield sold 3,814 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,122 shares of company stock worth $1,136,688. Corporate insiders own 0.53% of the company’s stock.
Several research analysts have recently weighed in on UNM shares. Morgan Stanley boosted their target price on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and set a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Goldman Sachs Group started coverage on shares of Unum Group in a research report on Wednesday, October 18th. They set a “sell” rating and a $48.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price target on shares of Unum Group in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.00.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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