Unum Group Gets a Hold Rating from Wells Fargo

By Jason Carr

In a report issued on July 27, Sean Dargan from Wells Fargo reiterated a Hold rating on Unum Group (NYSE: UNM). The company’s shares closed on Friday at $49.80, close to its 52-week high of $50.27.

Dargan wrote:

“We are raising our 2017 EPS estimate at to $4.16 from $4.10 to account for the Q2 beat, as well as slightly better expected underwriting in Unum US. Our new estimate implies growth of +7.1% in 2017. No change to our 2018E. Our price target rises to $48 per share from $47 to reflect an applied 1.1x multiple against a modeled book value rolled one quarter further out. We expect the stock to react well to the beat as well as the upward revision of the operating EPS growth guidance.”

According to TipRanks.com, Dargan is a 4-star analyst with an average return of 7.3% and a 63.9% success rate. Dargan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Prudential Financial Inc, and Fidelity & Guaranty Life.

Currently, the analyst consensus on Unum Group is Hold and the average price target is $51, representing a 2.4% upside.

In a report issued on July 28, RBC Capital also reiterated a Hold rating on the stock with a $51 price target.

Unum Group’s market cap is currently $11.36B and has a P/E ratio of 12.21. The company has a book value ratio of 1.2478.

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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.