Unum Group (UNM) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 39

Unum Group (UNM) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $38 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Unum Group. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Outperform” and Lowered the Price Target to $ 38 from a previous price target of $42 .

On the company’s financial health, Unum Group reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.91. The company had revenue of $2725.40 million for the quarter, compared to analysts expectations of $2724.47 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Unum Group opened for trading at $33.76 and hit $34.42 on the upside on Wednesday, eventually ending the session at $34.15, with a gain of 0.93% or 0.315 points. The heightened volatility saw the trading volume jump to 23,51,842 shares. Company has a market cap of $8,157 M.

In a different news, on Mar 3, 2016, Thomas R Watjen (director) sold 40,000 shares at $30.00 per share price. According to the SEC, on Nov 16, 2015, E Michael Caulfield (director) sold 13,890 shares at $36.14 per share price. On Aug 6, 2015, A S Macmillan (director) sold 6,318 shares at $35.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company’s business segments: Unum US Unum UK Colonial Life Closed Block and Corporate. Unum US includes group long-term and short-term disability insurance group life and accidental death and dismemberment products and supplemental and voluntary lines of business. Unum UK includes insurance for group long-term disability group life and lines of business which include individual disability and critical illness products. Colonial Life includes insurance for accident sickness and disability products life products and cancer and critical illness products to employees. The Company’s Closed Block segment consists of individual disability group and individual long-term care and other insurance products no longer actively marketed. Its Corporate segment includes investment income on corporate assets not specifically allocated to a line of business.

Unum Group

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