Core Viewpoint - Unum has demonstrated strong earnings performance, surpassing consensus EPS estimates multiple times, and its future stock movement will depend on management's commentary and earnings expectations [1][4][10]. Financial Performance - Unum reported quarterly earnings of $2.16 per share, exceeding the Zacks Consensus Estimate of $2.02 per share, and compared to earnings of $2.06 per share a year ago [9]. - The company posted revenues of $3.24 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.54%, and this represents a year-over-year increase from $3.11 billion [10]. - The earnings surprise for the latest quarter was 6.93%, with a previous quarter surprise of 7.61% [3]. Market Performance - Unum shares have increased approximately 18.4% since the beginning of the year, outperforming the S&P 500's gain of 14.5% [11]. Earnings Estimates and Outlook - The current consensus EPS estimate for the upcoming quarter is $2.05 on revenues of $3.25 billion, and for the current fiscal year, it is $8.25 on revenues of $12.95 billion [6]. - The estimate revisions trend for Unum is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [13]. Industry Context - The Insurance - Accident and Health industry, to which Unum belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, suggesting potential challenges ahead [14].

Uก็บู้ทำGROUP® Second Quarter 2024 Statistical Supplement | --- | --- | --- | |--------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|----------------------| | | (in millions of dollars, except share data and where noted) Interim Results are Unaudited | Page | | Financial Highlights | | 1 | | Capital Metrics | | 2 | | Ratings | | 3 | | Consolidated Statements of Income | | 4 | | Sales ...

CHATTANOOGA, Tenn., July 30, 2024 /PRNewswire/ -- Unum Group (NYSE: UNM) today reported net income of $389.5 million ($2.05 per diluted common share) for the second quarter of 2024, compared to net income of $392.9 million ($1.98 per diluted common share) for the second quarter of 2023. "Our team delivered another strong quarter as we continued to execute against our growth strategy, with contributions from across the company and particularly strong results in our Group Life business. As a result of our bet ...

Core Points - Unum Group's board of directors has approved a new share repurchase program allowing the company to buy back up to $1 billion of its common stock starting August 1, 2024 [1] - The current share repurchase program will be terminated as of July 31, 2024 [1] - The timing and amount of repurchases will be determined by management based on market conditions and other factors [2] Company Overview - Unum Group is a leading international provider of workplace benefits and services, operating for over 175 years [4] - The company offers a range of insurance products including disability, life, accident, critical illness, dental, vision, and stop-loss insurance, as well as leave and absence management support and behavioral health services [4] - In 2023, Unum Group reported revenues exceeding $12 billion and paid approximately $8 billion in benefits [4]

Unum Group (UNM) is slated to report second-quarter 2024 earnings on Jul 30, after market close. The insurer's earnings beat estimates in three of the last four reported quarters and missed in one. Premium in the second quarter is likely to have benefited from solid persistency in the in-force business, better pricing and improved sales in most of the business segments. The Zacks Consensus Estimate is pegged at $2.6 billion. Our estimate is pegged at $2.5 billion, indicating an increase of 4.2% from the yea ...

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Zacks Consensus Estimate Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. So, ...

Company Overview - Unum (UNM) is based in Chattanooga and operates in the Finance sector, with shares experiencing an 18.6% price change this year [2] - The company currently pays a dividend of $0.37 per share, resulting in a dividend yield of 2.72%, which is higher than the Insurance - Accident and Health industry's yield of 2.16% and the S&P 500's yield of 1.53% [2] Earnings and Growth - For the fiscal year 2024, the Zacks Consensus Estimate for Unum's earnings is projected at $8.25 per share, indicating a year-over-year growth rate of 7.70% [3] - Unum's current annualized dividend of $1.46 has increased by 5% from the previous year, with an average annual increase of 6.37% over the last five years [5] Dividend Policy - The company's current payout ratio is 18%, meaning it distributes 18% of its trailing 12-month earnings per share as dividends [5] - Unum has increased its dividend four times on a year-over-year basis over the last five years, reflecting a commitment to returning value to shareholders [5] Investment Perspective - Unum is considered a compelling investment opportunity due to its strong dividend profile and growth potential, currently holding a Zacks Rank of 3 (Hold) [6] - The company is positioned as a more secure dividend option compared to high-growth firms or tech start-ups, which typically do not offer dividends [6]

Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time. The Zacks Rank is a pr ...

About Unum Group Visit the Unum Group newsroom for more information, and connect with us on LinkedIn, Facebook and Instagram. CHATTANOOGA, Tenn., July 12, 2024 /PRNewswire/ -- Effective July 12, 2024, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid August 16, 2024, to stockholders of record as of July 26, 2024. Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and ...