Is Unum Group a Good Value Stock?
The global pandemic made 2020 a very tough one for Unum Group (NYSE: UNM). The life insurer struggled from increased deaths from the coronavirus combined with high levels of unemployment, which hurt its sales of employee benefits. The company's earnings suffered as a result, leading to the insurer's stock price becoming heavily discounted.
Unum's management sees short-term pain continuing in the months ahead as it continues to deal with the effects of the pandemic. However, with the employment situation improving and vaccine distributions underway, management has good reason to be optimistic about the second half of this year and beyond.
With that being said, is Unum Group a good value stock to add to your portfolio?
Source Fool.com
