UNUM GROUP EPS Estimates Increase for Q4 2022

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UNUM Group is a financial services company that offers a variety of products and services to its customers. One of its main products is life insurance. Jefferies Financial Group has increased its EPS estimates for Unum Group ($NYSE:UNM) for Q4 2022. The reason for the increase is the company’s strong performance in the first half of the year.

Unum Group has been able to grow its top line and bottom line at a healthy pace. The company’s strong financial position and favorable outlook for the future are other factors that have contributed to the EPS estimate increase.

Earnings

The company attributes this to their strong performance in the second quarter of their 2022 fiscal year. In total, UNUM Group earned 11.8 billion dollars in revenue and 1.1 billion dollars in net income. Compared to the previous year, this is a 1.7% decrease in total revenue but a 37.5% increase in net income. UNUM Group‘s total revenue has decreased from 13.2 billion dollars to 11.8 billion dollars in the last three years.

Stock Price

However, on Thursday, the stock opened at $43.1 and closed at $42.5, down 1.5% from the previous day’s close of $43.1. Despite this slight dip, the company’s EPS estimates for Q4 2022 remain positive and investors are hopeful that UNUM GROUP will be able to deliver on these estimates.

VI Analysis

Investors interested in UNUM GROUP may be looking for a company with moderate revenue or earnings growth potential. The company’s fundamentals reflect its long-term potential and the VI Star Chart shows that UNUM GROUP is classified as a “rhino”, a type of company that has achieved moderate revenue or earnings growth. The company’s intermediate health score of 6/10 with regard to its cashflows and debt suggests that it is likely to sustain future operations in times of crisis. UNUM GROUP is strong in dividend, and weak in asset, growth, profitability.

VI Peers

The company offers a variety of products and services to its customers. The Unum Group has a number of competitors, including Kansas City Life Insurance Company, National Western Life Group, Inc., and Citizens, Inc.

– Kansas City Life Insurance Co ($OTCPK:KCLI)

Kansas City Life Insurance Company has a market cap of 283.24M as of 2022. The company offers a wide range of life insurance products, including whole life, term life, and universal life insurance. Kansas City Life Insurance also offers annuities and long-term care insurance.

– National Western Life Group Inc ($NASDAQ:NWLI)

National Western Life Group, Inc. is a holding company, which engages in the provision of life insurance and annuity products. It operates through the following segments: Domestic Life Insurance, International Life Insurance, and Annuities. The Domestic Life Insurance segment offers whole life, term life, and universal life products. The International Life Insurance segment provides whole life, term life, and universal life products. The Annuities segment offers fixed and variable annuities. The company was founded by Oliver W. Isbell and H.C. Waggoner in 1906 and is headquartered in Austin, TX.

– Citizens Inc ($NYSE:CIA)

Citizens Inc is a Texas-based insurance holding company that offers life insurance, annuity, and property and casualty insurance products. The company’s market cap as of 2022 is $142.93M. Citizens Inc was founded in 1866 and has been publicly traded on the New York Stock Exchange since 1986. The company employs over 1,000 people and has over $5 billion in assets.

Summary

If you’re looking for a stock that could potentially offer some upside in the near future, you may want to consider investing in UNUM Group . The company is a leading provider of disability insurance and other employee benefits, and its products are well-positioned to continue benefiting from trends like the aging of the population and the increasing focus on financial wellness. The company has a diversified business model, with operations in the U.S., the U.K., and Australia. This geographic diversification provides some stability in the event that one market experiences a downturn.

The company’s products are also diversified, with offerings for both individuals and businesses. This gives UNUM Group a broad customer base, which can help to offset any weakness in one particular market or product segment. Overall, UNUM Group appears to be a well-positioned company that could offer investors some upside potential in the near future.