In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Buy rating on Unum Group (UNM – Research Report), with a price target of $66.00. The company’s shares closed yesterday at $52.67.
According to TipRanks, Greenspan is a 5-star analyst with an average return of 8.8% and a 64.06% success rate. Greenspan covers the Financial sector, focusing on stocks such as Allstate, American International Group, and Prudential Financial.
In addition to Wells Fargo, Unum Group also received a Buy from Truist Financial’s Mark Hughes in a report issued on May 2. However, on May 1, Bank of America Securities assigned a Hold rating to Unum Group (NYSE: UNM).
The company has a one-year high of $54.19 and a one-year low of $41.13. Currently, Unum Group has an average volume of 1.34M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UNM in relation to earlier this year.
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 (UNM) Company Description:
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.
