Unum Group declared a quarterly dividend of $0.505 per share and announced a $3.8 billion long term care reinsurance deal. The stock has returned 14.13% over the past 90 days and 278.22% over five years. At a current share price of $87.50, a discounted cash flow model from Simply Wall St estimates a fair value of $169.65 per share, implying a 48.4% discount. However, the stock trades at a price-to-earnings ratio of 17.9 times, above the US insurance industry average of 12.3 times and a peer average of 17.4 times, and above an estimated fair P/E of 14.6 times.
Unum GroupDeclares dividend and announces $3.8B reinsurance deal, both positive financial events.