RBC Capital Keeps Their Hold Rating on Unum Group (UNM)


In a report released yesterday, Mark Dwelle from RBC Capital maintained a Hold rating on Unum Group (UNM), with a price target of $22.00. The company’s shares closed last Thursday at $17.11.

According to TipRanks.com, Dwelle is a 4-star analyst with an average return of 5.1% and a 60.1% success rate. Dwelle covers the Financial sector, focusing on stocks such as International General Insurance Holdings, American Equity Investment Life, and American International Group.

The word on The Street in general, suggests a Hold analyst consensus rating for Unum Group with a $20.00 average price target, implying a 14.9% upside from current levels. In a report issued on July 28, Credit Suisse also maintained a Hold rating on the stock with a $18.00 price target.

See today’s analyst top recommended stocks >>

Based on Unum Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.93 billion and net profit of $161 million. In comparison, last year the company earned revenue of $2.99 billion and had a net profit of $281 million.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts