Unum Group Stock Rises Thursday, but Falls Short of Market Performance
December 8, 2023
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Thursday was a good day for the Unum Group ($NYSE:UNM), as their stock rose despite market performance. The Unum Group is a leading provider of financial protection benefits in the United States and the United Kingdom. It is known to have a strong focus on employee benefits, including disability insurance, group life insurance, and supplemental health and accident benefits. The stock rose on Thursday, yet it still lagged behind the overall market.
This could be attributed to investors being more cautious when it comes to the Unum Group, particularly considering the uncertainty surrounding health care reform in the United States. Despite the lackluster performance on Thursday, the Unum Group has had a solid year so far and is optimistic about future growth. With its strong focus on the employee benefits space, the company is well-positioned to capitalize on any potential changes in the healthcare space.
Market Price
Thursday was a promising day for UNUM GROUP, as the company’s stock rose 0.7% from the previous closing price of $42.3 to $42.6. The jump in stock price is encouraging news to investors, but it is still not enough to match the overall market performance. This indicates that investors may be seeking higher returns elsewhere. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unum Group. More…
| Total Revenues | Net Income | Net Margin |
| 12.23k | 1.23k | 10.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unum Group. More…
| Operations | Investing | Financing |
| 1.1k | -955.9 | -418.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unum Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 59.95k | 50.34k | 49.32 |
Key Ratios Snapshot
Some of the financial key ratios for Unum Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | – | 14.4% |
| FCF Margin | ROE | ROA |
| 8.0% | 11.7% | 1.8% |
Analysis
GoodWhale has conducted a thorough analysis of UNUM GROUP‘s fundamentals and found that the company has a high health score of 8/10 when it comes to its cashflows and debt, meaning that it is able to safely ride out any crisis without the risk of bankruptcy. Furthermore, UNUM GROUP is strong in dividend and weak in asset, growth, and profitability. Taking all of this into account, we have classified UNUM GROUP as a ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. Given these factors, investors looking for a steady, reliable income stream may be interested in UNUM GROUP. Those seeking capital growth or higher returns on their investments may want to look elsewhere. In any case, investors should always do their own research before investing in any company. More…
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
Investors should consider the company’s long-term performance when making an investment decision.
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