KBW Reaffirms Their Hold Rating on Unum Group

By Ryan Adsit

KBW analyst Ryan Krueger reiterated a Hold rating on Unum Group (NYSE: UNM) yesterday and set a price target of $57. The company’s shares closed yesterday at $46.81.

According to TipRanks.com, Krueger is a 5-star analyst with an average return of 15.4% and a 67.5% success rate. Krueger covers the Financial sector, focusing on stocks such as American Equity Investment Life, Brighthouse Financial Inc, and Prudential Financial Inc.

Unum Group has an analyst consensus of Hold, with a price target consensus of $55.33.

Based on Unum Group’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.85 billion and quarterly net profit of $267 million. In comparison, last year the company earned revenue of $2.81 billion and had a net profit of $230 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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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.