Unum Group (UNM) : Analyst Rating Update

Unum Group (UNM) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

Unum Group (UNM) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $41 and the lowest price target forecast is $31. The average forecast of all the analysts is $37.56 and the expected standard deviation is $2.88.

Unum Group (NYSE:UNM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.09 and $29.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.63, notching a gain of 0.62% for the day. The total traded volume was 3,359,248 . The stock had closed at $30.44 on the previous day.

Also, Bank of America downgrades its view on Unum Group (NYSE:UNM) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 29, 2016. The company shares have dropped -12.80% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $38.15 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $34.51 and the 200 Day Moving Average price is recorded at $31.72.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Companys 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 Companys 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.

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