B.Riley FBR Thinks Unum Group’s Stock is Going to Recover

By Carrie Williams

B.Riley FBR analyst Randy Binner reiterated a Buy rating on Unum Group (NYSE: UNM) today and set a price target of $52. The company’s shares opened today at $36.29, close to its 52-week low of $35.33.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 15.7% and a 70.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and National General Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Unum Group with a $49 average price target.

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Based on Unum Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $286 million. In comparison, last year the company had a net profit of $245 million.

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Unum Group engages in the provision of financial protection benefits. It operates through the following segments: Unum U.S., Unum UK, Colonial Life, Closed Block, and Corporate.