Deutsche Bank Remains a Hold on Unum Group


Deutsche Bank analyst Joshua Shanker maintained a Hold rating on Unum Group (NYSE: UNM) today and set a price target of $53. The company’s shares closed yesterday at $39.78, close to its 52-week low of $39.60.

According to TipRanks.com, Shanker is a 4-star analyst with an average return of 8.6% and a 62.4% success rate. Shanker covers the Financial sector, focusing on stocks such as American International Group, Hartford Financial, and Voya Financial.

Currently, the analyst consensus on Unum Group is Hold and the average price target is $54.25, representing a 36.4% upside.

In a report issued on May 1, Wells Fargo also maintained a Hold rating on the stock with a $53 price target.

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Based on Unum Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.9 billion and quarterly net profit of $274 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 70 insiders, corporate insider sentiment is negative on the stock.

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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.

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