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Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks, utilizing fundamental analysis and traditional valuation metrics to find undervalued stocks in the market [2]. Company Summary: Unum Group (UNM) - Unum Group currently has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential as a value stock [4]. - The stock's Forward P/E ratio is 6.74, significantly lower than the industry's average Forward P/E of 12.11, suggesting it may be undervalued [4]. - UNM's Forward P/E has fluctuated between 5.33 and 6.74 over the past year, with a median of 6.10 [4]. - The company has a PEG ratio of 1.10, which is lower than the industry's average PEG of 1.60, indicating favorable growth expectations relative to its valuation [5]. - Over the last 12 months, UNM's PEG has ranged from 0.72 to 1.27, with a median of 0.84 [5]. - UNM's P/B ratio stands at 1.07, compared to the industry's average P/B of 1.88, reflecting a solid market value relative to its book value [6]. - The P/B ratio has varied between 0.85 and 1.09 over the past year, with a median of 0.98 [6]. - The P/S ratio for UNM is 0.83, which is lower than the industry's average P/S of 1.31, further supporting the notion of undervaluation [7]. - Overall, the metrics indicate that Unum Group is likely undervalued, and its strong earnings outlook positions it as one of the market's strongest value stocks [8].

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'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 ...

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 ...

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 ...