Unum Group (UNM) is Reiterated by FBR & Co. to Underperform, Raises Price Target to $ 40

Unum Group (UNM) was Reiterated by FBR & Co. to “Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $31 . FBR & Co. advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Unum Group. Company shares were Reiterated by FBR & Co. on Nov 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 40 from a previous price target of $31 .Company shares were Reiterated by RBC Capital Mkts on Nov 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $36 .Unum Group was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016.

On the company’s financial health, Unum Group reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.95. The company had revenue of $2763.00 million for the quarter, compared to analysts expectations of $2738.74 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Unum Group closed down -0.15 points or -0.35% at $42.89 with 5,11,403 shares getting traded on Friday. Post opening the session at $42.99, the shares hit an intraday low of $42.67 and an intraday high of $43.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 17, 2016, John F Mcgarry (EVP and CFO) sold 16,983 shares at $41.14 per share price. According to the SEC, on Nov 16, 2016, Christopher J Jerome (EVP, Global Services) sold 8,000 shares at $41.49 per share price. On Nov 1, 2016, Thomas R Watjen (director) sold 178,927 shares at $35.83 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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