- Unum reported a book value per share of $61.38 for the fourth quarter, surpassing estimates of $60.85 and showing growth from $49.91 year-over-year.
- The company’s revenue reached $3.24 billion, marking a 2.9% increase compared to the previous year but slightly below the estimate of $3.28 billion.
- Premium income for the quarter was $2.63 billion, which is a 3.1% rise from the previous year, although it fell short of the anticipated $2.66 billion.
- Net investment income stood at $543.6 million, a 2.4% increase year-over-year, exceeding the estimate of $541 million.
- Adjusted operating earnings per share (EPS) were $2.03, up from $1.79 in the previous year, but below the estimated $2.14.
- Investment analysts’ ratings include 9 buy recommendations, 5 holds, and no sell ratings for the company.
Unum Group on Smartkarma
On Smartkarma, Baptista Research provides bullish analyst coverage of Unum Group, a company that recently reported strong financial performance in the third quarter of 2024. The company achieved adjusted earnings per share (EPS) of $2.13, surpassing expectations and contributing to over $1 billion in statutory earnings year-to-date. With a focus on achieving EPS growth of 10% to 15% for the full year, Unum Group showcases a robust operational landscape amidst both opportunities and challenges.
In another report by Baptista Research on Smartkarma, Unum Group‘s competitive environment and market opportunities are highlighted as major drivers of its positive outlook. The company’s shift in adjusted EPS outlook from 7% to 9% to a revised range of 10% to 15% is attributed to strong operating performance across various business segments, strategic capital management, and consistent efforts in hedging and asset re-positioning. Baptista Research conducts an independent valuation of Unum Group, exploring factors that could influence the company’s stock price in the near future using a Discounted Cash Flow (DCF) methodology.
A look at Unum Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Unum Group, a provider of group disability and special risk insurance, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. With above-average scores in several key areas, Unum Group demonstrates strengths that bode well for its future performance. Notably, the company excels in momentum, indicating strong positive price trends that could continue in the long run. Additionally, Unum Group scores highly in value and growth factors, reflecting favorable valuations and growth prospects that investors may find attractive. While the company’s dividend and resilience scores are slightly lower, its overall positive outlook suggests a potentially bright future ahead.
Overall, Unum Group stands out as a solid player in the group disability and special risk insurance industry. With a diverse range of offerings including disability insurance, group life insurance, and voluntary benefits for employees, Unum Group has established itself as a reliable provider in the market. The Smartkarma Smart Scores further reinforce Unum Group‘s potential for long-term success, particularly with its strong momentum and solid value and growth indicators. While there may be some areas for improvement, the overall outlook for Unum Group appears promising, positioning the company well for continued growth and success in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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