The business will operate as a full-service managing general underwriter under Amynta Risk Solutions.
The business provides medical stop loss coverage to a diversified group of employers and industries across the United States.
The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | $91.00 | Outperform | BMO Capital Markets |
| 1/7/2025 | $74.00 → $79.00 | Overweight → Neutral | Analyst |
| 11/14/2024 | $67.00 → $84.00 | In-line → Outperform | Evercore ISI |
| 9/5/2024 | $73.00 | Overweight | Barclays |
| 7/11/2024 | $57.00 | Overweight | Piper Sandler |
| 1/3/2024 | $55.00 | Neutral → Overweight | JP Morgan |
| 4/25/2023 | $57.00 | Overweight | Wells Fargo |
| 3/20/2023 | $44.00 → $50.00 | Hold → Buy | Jefferies |
BMO Capital Markets initiated coverage of Unum Group with a rating of Outperform and set a new price target of $91.00
Analyst downgraded Unum Group from Overweight to Neutral and set a new price target of $79.00 from $74.00 previously
Evercore ISI upgraded Unum Group from In-line to Outperform and set a new price target of $84.00 from $67.00 previously
PORTLAND, Maine, Dec. 3, 2024 /PRNewswire/ -- The Council for Disability Income Awareness is pleased to announce the recent addition of one new member firm. Unum Group, through its subsidiaries Unum and Colonial Life, provides employee benefits and HR solutions that enable employers to better care for their employees. Unum Group partners with 174,000 companies to protect 45,000,000 workers and their families throughout the United States. In 2023, Unum Group reported revenues of about $12.4 billion and paid $7.9 billion in benefits. "We are thrilled to join the Council for Disability Income Awareness again. We are deeply committed to supporting individuals with disabilities and promoting awa
CHATTANOOGA, Tenn., Jan. 9, 2023 /PRNewswire/ -- Unum Group (NYSE:UNM) has named Valoria V. Armstrong to lead the company's office of inclusion and diversity. Armstrong will continue to develop the company's I&D strategy to further foster a culture of belonging. "We're proud of our representative workforce as well as the communities where we live and work. Valoria has strong operational and functional expertise to build on our data informed I&D strategy. She will also help us ensure customers benefit from the diverse talents and thoughts of our employees," said Liz Ahmed, executive vice president of People & Communications at Unum Group. Prior to joining Unum, Armstrong served as chief inclu
Board Authorizes 10 Percent Dividend Increase Company Expects to Continue Share Repurchases throughout 2022 CHATTANOOGA, Tenn., May 26, 2022 /PRNewswire/ -- At its annual shareholder's meeting today, Unum Group (NYSE:UNM) President and CEO Rick McKenney expressed confidence in Unum's future given an improving business environment. As announced earlier this morning, Unum's board of directors authorized an increase of 10 percent in the quarterly dividend paid on its common stock. The new rate of 33.0 cents per common share, or $1.32 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2022. "Our disciplined execution in 2021 delivered o
Unum Group's (NYSE:UNM) President & CEO, Rick McKenney, will represent the company at the 2025 UBS Financial Services Conference. McKenney is scheduled to speak at the conference at 3:30 p.m. ET on Monday, February 10, 2025. He will discuss the company's business strategy and future growth prospects. A live audio webcast of the presentation will be available on the Investors section of Unum's website, www.investors.unum.com, on the News and Events page. ABOUT UNUM Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company o
Net income of $348.7 million ($1.92 per diluted common share) for the fourth quarter of 2024; after-tax adjusted operating income was $368.9 million ($2.03 per diluted common share). Results for the full year reflect solid growth and sustained margins supported by the favorable operating environment; full year core operations premium growth of 5.0 percent on a constant currency basis and full year after-tax adjusted operating earnings per share growth of 10.2 percent when comparing to 2023. Robust balance sheet and liquidity with holding company liquidity of $2.0 billion and weighted average risk-based capital ratio of approximately 430 percent. Book value per common share o
Effective January 9, 2025, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid February 14, 2025, to stockholders of record as of January 24, 2025. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2023, Unum reported revenues of more than $12 billion and paid approximately
SCHEDULE 13G/A - Unum Group (0000005513) (Subject)
8-K - Unum Group (0000005513) (Filer)
10-Q - Unum Group (0000005513) (Filer)
4 - Unum Group (0000005513) (Issuer)
4 - Unum Group (0000005513) (Issuer)
4 - Unum Group (0000005513) (Issuer)
Net income of $348.7 million ($1.92 per diluted common share) for the fourth quarter of 2024; after-tax adjusted operating income was $368.9 million ($2.03 per diluted common share). Results for the full year reflect solid growth and sustained margins supported by the favorable operating environment; full year core operations premium growth of 5.0 percent on a constant currency basis and full year after-tax adjusted operating earnings per share growth of 10.2 percent when comparing to 2023. Robust balance sheet and liquidity with holding company liquidity of $2.0 billion and weighted average risk-based capital ratio of approximately 430 percent. Book value per common share o
Effective January 9, 2025, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid February 14, 2025, to stockholders of record as of January 24, 2025. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2023, Unum reported revenues of more than $12 billion and paid approximately
Unum Group (NYSE:UNM) will release its fourth quarter 2024 results on February 4, 2025, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company's website, which can be directly accessed at https://investors.unum.com. Members of Unum Group's senior management will host a conference call on February 5, 2025, at 8:00 a.m. ET to discuss fourth quarter operations results and 2025 outlook. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information. Interested parties are invited to listen and participate in the question-and-answer
SC 13G/A - Unum Group (0000005513) (Subject)
SC 13G/A - Unum Group (0000005513) (Subject)
SC 13G/A - Unum Group (0000005513) (Subject)