Piper Sandler initiated coverage of Unum Group with an Overweight rating and $57 price target. Unum is a provider of workplace benefits in U.S, U.K. and, Poland, the analyst tells investors in a research note. The firm says that in an industry where earnings composition comes from fee, spread and underwriting, it favors underwriting names. It has the greatest growth, least reliance on variable investment income and also greatest amount of moats, contends Piper.
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