FBR Capital Reiterates a Sell Rating on Unum Group

By Jason Carr

In a report released today, Randy Binner from FBR Capital reiterated a Sell rating on Unum Group (NYSE: UNM), with a price target of $40. The company’s shares closed last Friday at $42.89, close to its 52-week high of $43.47.

According to TipRanks.com, Binner is a top 100 analyst with an average return of 15.2% and a 79.0% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and National General Holdings.

Unum Group has an analyst consensus of Moderate Buy, with a price target consensus of $41.

The company has a one year high of $43.47 and a one year low of $23.99. Currently, Unum Group has an average volume of 1.78M.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Earlier this month, John Mcgarry, the EVP and CFO of UNM sold 16,983 shares for a total of $698,681.

Unum Group provides disability insurance products in the United States and the United Kingdom. It also provides a complementary portfolio of other insurance products, including employer- and employee-paid group benefits, life insurance, and other related services. The company operates its business through five segments: Unum U.S., Unum UK, Colonial Life, Closed Block and Corporate. The Unum U.S. segment includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business, comprised of recently issued disability insurance and voluntary benefits products. The Unum UK segment includes insurance for group long-term disability, group life, and supplemental and voluntary lines of business. The supplemental and voluntary lines of business are comprised of individual disability, critical illness, and voluntary benefits products. The Colonial Life segment includes insurance for accident, sickness, and disability products, life products, and cancer and critical illness products marketed to employees at the workplace through an agency sales force and brokers. The Closed Block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. Its other insurance products include individual life and corporate-owned life insurance, reinsurance pools and management operations, group pension, health insurance, and individual annuities. The Corporate segment includes investment income on corporate assets not specifically allocated to a line of business, interest expense on corporate debt other than non-recourse debt, and certain other corporate income and expense not allocated to a line of business. The company was founded in 1848 and is headquartered in Chattanooga, TN.