In a report released yesterday, Sean Dargan from Wells Fargo maintained a Hold rating on Unum Group (NYSE: UNM), with a price target of $53. The company’s shares closed yesterday at $47.90.
Dargan said:
“We would characterize risk results in Unum US as good, particularly in group disability, partially offset by weaker net investment income. We think the market will focus on poor results in Unum’s runoff long-term care (LTC) book, which like Genworth experienced a higher interest-adjusted benefit ratio despite favorable claim resolution (i.e. claimants dying from the flu), and accordingly we expect UNM shares to be weak tomorrow. No change to 2019 estimate. We are lowering our 2018E EPS to $5.16 from $5.17 to reflect the slight miss in Q1. No change to our 2019E of $5.50. Our price target remains at $53 per share, to reflect an applied 1.15x multiple against our 1Q19E modeled book value.”
According to TipRanks.com, Dargan is a 2-star analyst with an average return of 1.8% and a 47.4% success rate. Dargan covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.
Unum Group has an analyst consensus of Hold, with a price target consensus of $56.80.
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Unum Group’s market cap is currently $10.66B and has a P/E ratio of 10.94. The company has a book value ratio of 1.1133.
Based on the recent corporate insider activity of 71 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.
