Unum Group (NYSE:UNM) unveiled a major LTC reinsurance plan— a $3.8B external deal for 2026 plus a Fortitude Re coinsurance transferring $5.7B of closed-block assets—while raising shareholder yield with a $0.505 quarterly dividend and prompting Barclays to lift its $110 price target.
Previous Week Recap
- Unum LTC Reinsurance Deal: Unum Group (UNM) announced a long-term care reinsurance program: a $3.8B external LTC deal closing in 2026 and a Fortitude Re coinsurance transferring $5.7B of closed-block LTC assets.
- Unum Quarterly Dividend Declared: Unum Group (UNM) announced a $0.505 quarterly dividend per share; ex-dividend July 9, 2026, record date July 24, 2026, payment date August 14, 2026.
- Barclays Lifts Unum Target: Barclays lifted Unum Group (UNM) price target to $110 from $105; valuation outlook improved. No earnings, guidance, or transaction details were reported.
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