BofA Merrill May Have Just Lost Faith in Unum Group (NYSE:UNM)

Share

Unum Group (NYSE:UNM) Receives a Downgrade

In a comprehensive report sent to investors on 3 December, analysts at BofA Merrill’s research division cut the rating for Unum Group (NYSE:UNM) shares from the previous “Buy” to a “Neutral”.

From a total of 17 analysts covering Unum Group (NYSE:UNM) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is $46 while the lowest target price is $32. The mean of all analyst targets is $39 with a 10.13% above today’s ($36.32) stock price. Unum Group was the topic of 2 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on July 31 with “Hold” rating.

Approximately 551,556 shares of stock traded hands. Unum Group (NYSE:UNM) has risen 7.61% since April 30, 2015 and is uptrending. It has outperformed by 7.90% the S&P500.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $8.98 billion. The Company’s business divisions: Unum US, Unum UK, Colonial Life, Closed Block and Corporate. It has 25.57 P/E ratio. Unum US includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.

According to Zacks Investment Research, “UnumProvident is the industry leader in disability income protection and one of the top providers of supplemental benefits in the nation. The company’s subsidiaries offer comprehensive insurance solutions to help protect against the financial effects of accident, illness or death. Below are the countries in which we operate, and the companies that offer products in each country.” Get a free copy of the Zacks research report on Unum Group (UNM).

COMMENTS: