Stocks to Consider Amynta Group is a leading insurance services provider. Following its acquisition, the stop-loss business will operate as a full-service managing general underwriter under Amynta Risk Solutions. The addition of Unum's Medical Stop Loss business will enhance Amynta Group's product portfolio and help it serve clients better with comprehensive solutions. The Zacks Consensus Estimate for PRA's 2024 and 2025 earnings suggests 371.4% and 72.6% year-over-year growth, respectively. John Doucette, ...

"We are pleased to enter into an agreement to sell our Stop Loss operations to Amynta," said Marco Forato, senior vice president and chief strategy officer at Unum Group. "This transaction places the future of the Stop Loss business in capable hands and poised for strong growth while enabling Unum to continue its focus on key enterprise priorities." Piper Sandler & Co. served as financial advisor and Faegre Drinker Biddle & Reath LLP served as legal advisor to Unum Group. Visit theUnum Group newsroomfor mor ...

Core Insights - Unum Group's financial performance shows strong results from its core units, with group life and accidental death and disability returning to pre-pandemic trends, leading to improved profitability [3][5][6] - The Closed Block unit, while contributing significantly to the book value, is viewed as having no economic value due to its obligations in long-term care policies [3][5] - The company has a robust capital position, with a risk-based capital ratio of 440% and $1.4 billion in holding company liquidity, allowing for share buybacks and dividend increases [3][6] Financial Performance - In Q1, Unum reported adjusted EPS of $2.12, beating consensus by $0.15, with net investment income rising 1% to $514 million and core premium growth of 6.6% [5][6] - Unum US saw operating income grow by 23% to $385 million, with premiums increasing by 6.1% to $1.7 billion [3][5] - Colonial Life's operating income rose 21% to $114 million, aided by a 5% increase in investment income [3][5] Closed Block Analysis - The Closed Block unit earned $24 million in Q1, down from the previous year, with a net premium ratio of 93.8% [3][6] - Management does not expect to contribute additional capital to the Closed Block, citing $2.8 billion of excess protection [3][6] - The company aims for $200 million in rate increases for the Closed Block, with 5% achieved in Q1 [3][6] Market Position and Outlook - Unum's shares have been volatile, rising 8% over the past year, with a recent pullback providing a potential buying opportunity [4][6] - The company is targeting a price of $56 per share, which would represent an 8% capital return yield [6] - With strong free cash flow and excess liquidity, Unum is positioned for potential capital distribution and accelerated share buybacks [6]

Recent advancements in both operations and technology have delivered a next generation experience for brokers that license Employee Navigator, building further upon the strong relationship between the carrier and benefits administration platform. Unum Broker Connect for Employee Navigator is the culmination of a decade-long partnership resulting in a best-in-class integration and service model for brokers. Streamlined implementation: Quick, accurate case setup and enrollment using top-tier integration teams ...

Company Overview - Unum (UNM) is headquartered in Chattanooga and operates in the Finance sector, with a stock price change of 10% since the beginning of the year [1] - The company currently pays a dividend of $0.37 per share, resulting in a dividend yield of 2.94%, which is higher than the Insurance - Accident and Health industry's yield of 2.25% and the S&P 500's yield of 1.57% [1] Dividend Performance - Unum's annualized dividend of $1.46 has increased by 5% from the previous year, with an average annual increase of 6.40% over the last 5 years [2] - The company's current payout ratio is 18%, indicating that it paid out 18% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Unum's earnings in 2024 is projected to be $8.24 per share, reflecting a year-over-year earnings growth rate of 7.57% [3] Investment Appeal - Unum is considered a compelling investment opportunity due to its strong dividend performance and a Zacks Rank of 3 (Hold) [5]

CHATTANOOGA, Tenn., June 10, 2024 /PRNewswire/ -- Unum Group (NYSE: UNM) announced today that it has completed an offering of $400 million aggregate principal amount of senior notes due in 2054 with an annual coupon rate of 6.00 percent. The net proceeds from the sale of the senior notes are intended to be used to repay, in full, the $350 million aggregate principal amount of outstanding indebtedness under the company's senior unsecured delayed draw term loan facility, together with accrued interest and any ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What ar ...

CHATTANOOGA, Tenn., June 4, 2024 /PRNewswire/ -- Unum Group (NYSE:UNM) announced today that its debt ratings and financial strength have been upgraded by Moody's Ratings (Moody's). The company's senior unsecured debt ratings were upgraded to Baa2 from Baa3, and the financial strength ratings of its rated domestic subsidiaries were upgraded to A2 from A3. "The upgrade is a testament to our strong execution, the robust financial position we've been able to achieve in recent years and a continuation of the pos ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that ...

Unum Group (UNM) is poised to grow on the strength of disciplined sales trends, strong persistency, an improving rate environment, favorable risk experience and a solid capital position. It has a VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum. Earnings of this leading disability income writer have increased 9% over the last five years, outperforming the industry average of 3.8%. UNM delivered a four-quarter average earnings surprise of 3.76%. The Zacks Cons ...