Unum Group: Assessing Valuation Amidst Recent Loss of Momentum

Unum Group (UNM) shares have cooled off lately, despite a strong run earlier this year. The recent pullback has investors weighing momentum alongside longer-term track records and modest growth trends. The stock remains undervalued, with a fair value estimate above its last close, driven by investments in digital capabilities, stable premium growth, and improved client retention. However, persistent benefit ratio pressures and volatility from long-term care could impact the financial outlook.