In a report issued on June 5, Suneet Kamath from Jefferies maintained a Hold rating on Unum Group (UNM – Research Report), with a price target of $36.00. The company’s shares closed last Thursday at $32.59.
According to TipRanks.com, Kamath is a 4-star analyst with an average return of 4.9% and a 55.2% success rate. Kamath covers the Financial sector, focusing on stocks such as Jackson Financial Incorporation, American Equity Investment Life, and Brighthouse Financial.
Currently, the analyst consensus on Unum Group is a Hold with an average price target of $35.56, an 8.2% upside from current levels. In a report issued on May 23, Citigroup also initiated coverage with a Hold rating on the stock with a $36.00 price target.
Unum Group’s market cap is currently $6.55B and has a P/E ratio of 7.21.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UNM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum U.S., Unum UK, Colonial Life, Closed Block and Corporate. The Unum U.S. segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. The Unum UK segment offers insurance for group long-term disability, group life, and supplemental lines of business which include dental, individual disability, and critical illness products. The Colonial Life segment includes insurance for accident, sickness, disability products, life products, and cancer and critical illness products. The Closed Block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. The Corporate segment refers to investment income on corporate assets and other corporate income and expenses not allocated to a line of business; and interest expense on corporate debt other than non-recourse debt. The company was founded in 1848 and is headquartered in Chattanooga, TN.
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