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Why Unum (UNM) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-08-02 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features 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, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Develop ...
Should Value Investors Buy Unum Group (UNM) Stock?
ZACKS· 2024-08-02 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being u ...
Unum(UNM) - 2024 Q2 - Earnings Call Transcript
2024-07-31 15:39
Unum Group (NYSE:UNM) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Matt Royal - SVP, IR Rick McKenney - President & CEO Steve Zabel - CFO Tim Arnold - EVP, Voluntary Benefits & President-Colonial Life Chris Pyne - EVP, Group Benefits Mark Till - CEO, Unum International Conference Call Participants Ryan Krueger - KBW Suneet Kamath - Jefferies Joel Hurwitz - Dowling & Partners Elyse Greenspan - Wells Fargo John Barnidge - Piper Sandler Jimmy Bhullar - J.P. Morgan Tom Gallaghe ...
Unum Group (UNM) Q2 Earnings Top Estimates, Revenues Rise Y/Y
ZACKS· 2024-07-31 15:26
Unum Group's (UNM) second-quarter 2024 operating net income of $2.16 per share beat the Zacks Consensus Estimate by 6.9%. The bottom line increased 4.8% year over year. The quarterly results reflected favorable recoveries in the group long-term disability product line, in-force block growth, higher sales, premium growth and improved persistency. Favorable benefit experience in the product lines also added to the upside. Total operating revenues of Unum Group were $3.2 billion, up 4.2% year over year, driven ...
Unum (UNM) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-31 00:30
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Other Expense Ratio - Unum US Supplemental and Voluntary : 47.8% versus the 11-analyst average estimate of 49.1%. For the quarter ended June 2024, Unum (UNM) reported revenue of $3.24 billion, up 4.3% over the same period last year ...
Unum (UNM) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-30 22:31
Over the last four quarters, the company has surpassed consensus EPS estimates three times. What's Next for Unum? This quarterly report represents an earnings surprise of 6.93%. A quarter ago, it was expected that this insurance company would post earnings of $1.97 per share when it actually produced earnings of $2.12, delivering a surprise of 7.61%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on manage ...
Unum(UNM) - 2024 Q2 - Quarterly Results
2024-07-30 20:36
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 ...
Unum Group Reports Second Quarter 2024 Results
Prnewswire· 2024-07-30 20:20
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 ...
Unum Group's board of directors authorizes $1 billion share repurchase program
Prnewswire· 2024-07-30 20:15
CHATTANOOGA, Tenn. , July 30, 2024 /PRNewswire/ -- Unum Group (NYSE: UNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on August 1, 2024. The board of directors also authorized the termination of the company's current share repurchase program as of July 31, 2024. The timing and amount of share repurchases will be determined by management based on its evaluation of mar ...
Unum Group (UNM) to Report Q2 Earnings: Here's What to Expect
ZACKS· 2024-07-26 16:15
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 ...