Here's Why You Should Consider Betting on Unum (UNM) Stock Now

Unum Group UNM is well-poised for growth, driven by disciplined sales trends, strong persistency, favorable benefits experience and solid capital position.

Optimistic Growth Projections

The Zacks Consensus Estimate for Unum Groups 2022 earnings is pegged at $6.21, indicating a 42.76% increase from the year-ago reported figure on 0.7% higher revenues of $12 billion. The consensus estimate for 2023 earnings is pegged at $6.25, indicating a 0.6% increase from the year-ago reported figure on 2.2% higher revenues of $12.3 billion.

The expected long-term earnings growth rate is 12.2%, which is higher than the industry average of 8.6%.

Earnings Surprise History

Unum Group has a decent earnings surprise history. It beat estimates in each of the last four quarters, the average beat being 34.9%.

Zacks Rank & Price Performance

UNM currently carries a Zacks Rank #2 (Buy). In the past year, the stock has rallied 55.1%, outperforming the industrys increase of 19.2%.