In a report released today, Nigel Dally from Morgan Stanley maintained a Hold rating on Unum Group (UNM), with a price target of $26.00. The company’s shares closed last Thursday at $27.76, close to its 52-week high of $28.99.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 16.8% and a 63.6% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial, Ameriprise Financial, and Prudential Financial.
Currently, the analyst consensus on Unum Group is a Hold with an average price target of $24.75.
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Based on Unum Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.27 billion and net profit of $135 million. In comparison, last year the company earned revenue of $3.03 billion and had a net profit of $296 million.
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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.