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Unum Group (NYSE:UNM) shares have reached an unprecedented peak, touching an all-time high of $81.01, with the insurance provider now commanding a market capitalization of $13.8 billion. According to InvestingPro data, the stock trades at an attractive P/E ratio of 8.13, though current levels suggest slight overvaluation. This milestone underscores a period of robust performance for the insurance company, which has seen its stock value surge by an impressive 61.4% over the past year. InvestingPro analysis reveals the company’s overall financial health score is "GREAT" at 3.28, supported by 39 consecutive years of dividend payments and 16 straight years of dividend increases. Investors have responded positively to the company’s strategic initiatives and strong financial results, propelling the stock to new heights and setting a record in the company’s trading history. The achievement of this all-time high reflects growing confidence in Unum Group’s market position and its potential for sustained growth. For deeper insights into UNM’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro, which offers detailed analysis of this and 1,400+ other US stocks.
In other recent news, Unum Group reported fourth-quarter earnings that did not meet analyst expectations, with adjusted earnings per share at $2.03, falling short of the $2.14 consensus estimate. The company’s revenue for the quarter was $3.24 billion, below the anticipated $3.29 billion. Despite this, Unum Group’s premium income saw a year-over-year increase of 3.1% to $2.63 billion, and net investment income rose by 2.4% to $543.6 million. The Colonial Life segment of the company showed a significant 39.7% increase in adjusted operating income, reaching $122.7 million, although the Unum US segment experienced a 2.6% decline to $333.2 million.
In other developments, Unum Group announced a new $1 billion stock buyback program set to begin in April 2025, following the termination of its current repurchase program. This initiative has been approved by the company’s board of directors. Additionally, Truist Securities recently adjusted its outlook on Unum Group, raising the price target to $90 from $75 and maintaining a Buy rating. This revision is based on revised earnings per share projections, with expectations of continued revenue growth and profitability for the company. Truist’s analysts have projected earnings per share of $9.20 for 2025 and $10.00 for 2026, reflecting confidence in Unum Group’s financial performance.
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