Unum Group stock dividend – UNUM GROUP Announces Double-Digit Increase in Dividend
May 26, 2023
Trending News ☀️
Unum Group ($NYSE:UNM) has announced a double-digit increase in their dividend, of more than 10%. This is great news for investors of the company, as it reflects the company’s strong financial performance and its commitment to rewarding shareholders. UNUM Group is a publicly traded American provider of accident, disability, and life insurance. It is one of the largest disability insurers in the United States and provides employers with employee benefit programs. Unum has an extensive portfolio of products and services designed to help its customers protect their financial security.
The company’s innovative products, combined with its proven customer service and longevity in the industry, make it a top choice for employees and employers alike. This should be welcome news to stockholders, as it is an indicator that the company is performing well and is confident in its long-term prospects. With the stock market trending up, this is a good opportunity for investors to consider investing in Unum Group.
Dividends – Unum Group stock dividend
The UNUM GROUP recently announced a double-digit increase in its dividend, proving that the company is committed to rewarding its shareholders. Over the last three years, UNUM GROUP has issued an annual dividend per share of 1.29, 1.26, and 1.17 USD. The dividend yields from 2021 to 2023 are 3.49%, 3.74%, and 4.3%, with an average dividend yield of 3.84%.
This makes UNUM GROUP a great option for those who are looking for dividend stocks to add to their portfolios. With UNUM GROUP’s commitment to providing consistent dividends, investors can be sure that their money will be well spent.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unum Group. More…
| Total Revenues | Net Income | Net Margin |
| 11.96k | 1.42k | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unum Group. More…
| Operations | Investing | Financing |
| 1.42k | -955.9 | -418.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unum Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 62.42k | 53.18k | 46.84 |
Key Ratios Snapshot
Some of the financial key ratios for Unum Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.1% | – | 16.4% |
| FCF Margin | ROE | ROA |
| 11.0% | 13.3% | 2.0% |
Market Price
This news was welcomed by investors, as the stock opened at $44.9 and closed at $45.6, up by 1.5% from the previous closing price of $44.9. This news is likely to encourage further investment from both current and prospective shareholders. Live Quote…
Analysis – Unum Group Intrinsic Value
At GoodWhale, we have done an in-depth analysis of UNUM GROUP and its fundamental characteristics. Our proprietary Valuation Line has determined that the fair value of UNUM GROUP share is around $30.0. Right now, UNUM GROUP stock is traded at a price of $45.6, which is an overvaluation of 51.8%. This indicates that there is potential for the stock price to drop when the market corrects itself. Investors should consider this when making any decisions related to UNUM GROUP in the future. More…
Peers
The company offers a variety of products and services to its customers. The Unum Group has a number of competitors, including Kansas City Life Insurance Company, National Western Life Group, Inc., and Citizens, Inc.
– Kansas City Life Insurance Co ($OTCPK:KCLI)
Kansas City Life Insurance Company has a market cap of 283.24M as of 2022. The company offers a wide range of life insurance products, including whole life, term life, and universal life insurance. Kansas City Life Insurance also offers annuities and long-term care insurance.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group, Inc. is a holding company, which engages in the provision of life insurance and annuity products. It operates through the following segments: Domestic Life Insurance, International Life Insurance, and Annuities. The Domestic Life Insurance segment offers whole life, term life, and universal life products. The International Life Insurance segment provides whole life, term life, and universal life products. The Annuities segment offers fixed and variable annuities. The company was founded by Oliver W. Isbell and H.C. Waggoner in 1906 and is headquartered in Austin, TX.
– Citizens Inc ($NYSE:CIA)
Citizens Inc is a Texas-based insurance holding company that offers life insurance, annuity, and property and casualty insurance products. The company’s market cap as of 2022 is $142.93M. Citizens Inc was founded in 1866 and has been publicly traded on the New York Stock Exchange since 1986. The company employs over 1,000 people and has over $5 billion in assets.
Summary
UNUM Group is a US-based insurance and financial services provider, specializing in disability, life and supplemental health insurance. Recently, UNUM has announced a dividend hike of more than 10%, making it a good opportunity for investors to benefit from the company’s strong financial performance. UNUM is well-positioned to continue its growth, as it focuses on its customer base, customer service and product innovation. The company has solid fundamentals with strong returns on capital and has maintained a healthy dividend payout ratio.
UNUM’s focus on prudent risk management and cost efficiency should keep earnings growth strong in the long-term. Its good cash flow position gives it the financial flexibility to pursue promising investments and drive future growth. All of these factors make UNUM a great investment opportunity for investors looking for long-term gains.
