Insurance Company Pushes Above 52 Weeks

Although the stock market is still in the red so far, there are green stocks, which offer high returns.

One such stock, Unum Group UNM, is up more than 50% year-to-date, beating the performance of the S&P 500, as seen in this chart.

Image source: Zacks Investment Research

The Unum Group offers disability insurance, long-term insurance, life insurance, and employee benefits and related services.

Additionally, the company sports a Zacks Rank #2 (Buy) with an overall VGM Score of A sitting in the Zacks Finance Sector.

Additionally, shares are pushing a 52-week high, which is definitely positive. Let’s take a closer look at the company to see if it is worth the attention of investors.

Performance & Growth Rate

Analysts have raised their earnings estimates nearly every time over the past 60 days, a strong signal that has helped push the company to a Zacks Rank #2 (Buy).

For the upcoming quarter, the Zacks Consensus EPS Estimate is $1.28 on a 25% annual growth rate for the full year.

Image source: Zacks Investment Research

Additionally, the $5.48 Zacks Consensus EPS Estimate for the current fiscal year indicates a strong 26% increase in year-over-year earnings.

The company has been getting better, including three beats in a row. And in its latest quarter, UNM exceeded expectations by 55%.

UNM’s top results have also been strong, with the company penciling in the last seven rounds. Below is a chart showing the company’s quarterly earnings.

Zacks Investment Research
Image source: Zacks Investment Research

Calculate the cost

The Unum Group also exercises rock-solid values, backed by a Style Score of A for Value. UNM’s forward P/E ratio is an impressively low 5.9X, reflecting a 60% discount to its Zacks Finance Sector peer.

Zacks Investment Research
Image source: Zacks Investment Research


Everyone loves benefits. After all, who doesn’t enjoy getting paid?

Fortunately for investors, UNM’s annual dividend yields a solid 3.7%, and the company has increased its dividend payout four times over the past five years. Additionally, its yield is significantly higher than the Zacks Finance Sector average.

Zacks Investment Research
Image source: Zacks Investment Research

Down Under

Shares of UNM are pushing for a 52-week high, no doubt a big positive that shows that buyers have been in control. Additionally, the company sports a Zacks Rank #2 (Buy), which makes the shares look very attractive.

The company is expected to register strong growth in the current financial year, the price range is strong, the quarterly results have been reported repeatedly above expectations, and UNM is very happy to bless its shareholders with a consistent increase in dividends.

For investors looking to learn more about the insurance and financial industry, shares of Unum Group UNM should be at the top of your list.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.