From Financial Modeling Prep: 2024-09-27 09:28:00

Piper Sandler analysts raised Unum Group’s price target to $66 from $64, maintaining an Overweight rating. They highlighted Unum’s strong positioning in the industry, with less exposure to interest rate cuts and a solid underwriting strength. The company has also improved its LTC block and experienced positive claims utilization trends.

Analysts emphasized Unum’s improved earnings, capital deployment, and FCF conversion, supported by a growing premium base. They noted that Unum’s valuation remains attractive compared to peers and historical averages. The company stands to benefit from favorable industry trends, making it a promising investment opportunity.



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