5 Dividend Stocks to Buy According to Billionaire Louis Bacon

3. Unum Group (NYSE:UNM)

Dividend Yield as of August 8: 3.68%
Moore Global Investments’ Stake Value: $19,662,000

Unum Group (NYSE:UNM) is a Tennessee-based insurance company that provides financial insurance products to industries. On July 15, the company announced a quarterly dividend of $0.33 per share, raising it by 10% in May. The company has raised its dividends 13 years in a row with an 11.5% dividend growth rate in the last 10 years. As of August 8, the stock’s dividend yield came in at 3.68%.

Unum Group (NYSE:UNM) was one of the latest holdings of Moore Global Investments. The hedge fund opened its position in the company with 623,999 shares, valued at over $19.6 million. The company represented 0.49% of Louis Bacon’s portfolio.

At the end of Q1 2022, 30 hedge funds tracked by Insider Monkey owned $323.5 million worth of combined stakes in Unum Group (NYSE:UNM). Two Sigma Advisors was the largest stakeholder of the insurance company in Q1, owning shares worth over $63.2 million.