Unum Group Approves Share Repurchase Program
December 2, 2022
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Unum Group Intrinsic Stock Value – UNUM GROUP ($NYSE:UNM) is a leading provider of disability insurance products and services in the United States and United Kingdom. The company offers a wide range of group and individual disability insurance products and services. UNUM Group said Thursday that its board of directors have approved a share repurchase program to buy back up to $200 million of its common stock.
The share repurchase program will occur from January 1, 2023 through December 31, 2023. UNUM Group has a long history of paying dividends and buying back stock. The share repurchase program is another example of UNUM Group’s commitment to creating shareholder value.
Market Price
On Thursday, UNUM Group announced that its board of directors had approved a share repurchase program. The news of the share repurchase program was generally well-received by investors, and UNUM Group’s stock price only dipped slightly on the news. At the time of writing, most news stories about the company were positive.
UNUM Group is a leading provider of disability insurance and other financial protection products and services. The company has a long history of helping people protect themselves and their families from the financial consequences of illness and injury. Live Quote…
About the Company
VI Analysis – Unum Group Intrinsic Stock Value
UNUM GROUP‘s fundamentals reflect its long term potential, and the company’s intrinsic value is around $27.3 per share. The stock is currently trading at $42.0, which is 54% higher than its intrinsic value. While the company may have short-term upside potential, long-term investors should be aware that the stock is currently overvalued. More…
VI Peers
The company offers a variety of products and services to its customers. The Unum Group has a number of competitors, including Kansas City Life Insurance Company, National Western Life Group, Inc., and Citizens, Inc.
– Kansas City Life Insurance Co ($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
UNUM Group is a leading provider of financial protection benefits in the United States and United Kingdom. The company offers a wide range of products and services, including disability, life, accident and critical illness insurance, as well as group protection benefits. UNUM Group has a strong history of financial stability and has been consistently rated among the most financially strong insurers by independent rating agencies. UNUM Group’s share repurchase program demonstrates the company’s commitment to creating shareholder value.
The share repurchase program is an opportunistic way for UNUM Group to return excess capital to shareholders while continuing to invest in the business. The company’s products and services are in high demand, and its share repurchase program provides shareholders with an attractive way to participate in the company’s success.
