Unum (UNM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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.
Unum Group stock rallies on favorable benefits experience, higher sales, strong persistency, improved premium income and prudent capital deployment.
Unum (UNM) reported earnings 30 days ago. What's next for the stock?
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Unum's core segments continue to deliver stable earnings and cash flow, backed by high customer retention, particularly in group life and disability policies. The company offers an attractive share buyback program with a recent double-digit dividend increase. Trading just above book value, Unum has room for further valuation expansion, especially given its projected 7% EPS CAGR through 2026.
Unum Group (NYSE:UNM ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Matt Royal - SVP, Head of IR and Treasury Rick McKenney - President and CEO Steve Zabel - CFO Chris Pyne - EVP, Group Benefits Tim Arnold - EVP, Voluntary Benefits & President-Colonial Life Mark Till - CEO, Unum International Conference Call Participants Alex Scott - Barclays Wes Carmichael - Autonomous Research Tom Gallagher - Evercore ISI Ryan Krueger - KBW Joel Hurwitz - Dowling & Partners Suneet Kamath - Jeffries John Barnidge - Piper Sandler Mark Hughes - Truist Securities Jimmy Bhullar - JPMorgan Operator Good morning. My name is Mark and I will be your conference operator today.
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UNM's Q3 results reflect continued strong operating performance, favorable benefit experience, premium growth, increased sales in the Unum U.K. and lower expenses.
Although the revenue and EPS for Unum (UNM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Unum (UNM) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $1.94 per share a year ago.