Unum Group Sees 27% Increase in Net Income

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Unum Group Stock Intrinsic Value – The Chattanooga-based Unum Group ($NYSE:UNM) saw a 27% increase in net income from the third quarter of last year. This growth was driven by the company’s international, U.S. group, and voluntary businesses. Unum Group is optimistic about continued improvement in the future.

Unum Group is optimistic about the future, as it sees continued growth in all three of its businesses. The company is particularly excited about the potential for its international business, which has seen the strongest growth in recent quarters.

Price History

On Wednesday, UNUM Group stock opened at $45.7 and closed at $44.9, down by 1.7% from the prior closing price of $45.7.

VI Analysis – Unum Group Stock Intrinsic Value

The company’s fundamentals are strong, reflected in its AAA credit rating and its position as one of the largest providers of disability insurance in the United States. However, the stock is currently overvalued by 72%, trading at $44.9 per share compared to a fair value of $26.1 per share as calculated by VI Line. While the company’s long-term prospects remain strong, investors should be cautious in the short-term as the stock may be due for a correction.

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 stable investment with a good chance of appreciation, UNUM Group may be a good option for you. The company’s stock has performed well in recent years, and is currently trading near all-time highs. The company has a long history of paying dividends, and has increased its payout each year for the past decade.

Overall, UNUM Group is a well-established company with a strong financial position and a history of solid performance. The stock may be a good option for investors looking for income, stability, and potential capital gains.