Barclays analyst Alex Scott maintains $Unum Group (UNM.US)$ with a buy rating, and maintains the target price at $72.
According to TipRanks data, the analyst has a success rate of 66.1% and a total average return of 14.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Unum Group (UNM.US)$'s main analysts recently are as follows:
The third quarter was noted as active for global catastrophe events, but expectations are set for the resulting catastrophe losses to be manageable for property and casualty insurers. Models for the fourth quarter include provisional losses for Hurricane Milton, with an understanding that there is still uncertainty given the storm's recent landfall. Changes in expectations for the group reflect the quarter's events and adjustments in P/E multiples.
The sentiment appears favorable for both life and property and casualty insurance sectors as the quarter unfolds. In the life insurance sector, there's a balance of factors with positive equity markets being offset by the downward movement in interest rates. It's anticipated that catastrophe-related losses will be slightly above the norm due to a series of significant storms in the U.S. For property and casualty insurers, underlying margins are expected to continue being robust, and updates on pricing are likely to be received well, despite some concerns regarding a slowdown in pricing momentum within the property sector.
Note:
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