Analyst Bob Huang from Morgan Stanley maintained a Hold rating on Unum Group (UNM – Research Report) and keeping the price target at $73.00.
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Bob Huang has given his Hold rating due to a combination of factors influencing Unum Group’s financial performance. While the company demonstrated strong results in the Group Life and AD&D segments, surpassing expectations with solid persistency, there were areas of concern in other segments that tempered the overall outlook.
The Group Income Protection and Supplemental & Voluntary segments fell short of consensus expectations, attributed to higher loss ratios and unfavorable experiences in certain products. Additionally, the Closed Block segment’s performance was weaker than anticipated. Despite these challenges, the company provided 2025 guidance that aligns with consensus, including positive growth projections in the international segment and expected capital generation, which contribute to the Hold rating.
According to TipRanks, Huang is an analyst with an average return of -1.7% and a 59.38% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, AFLAC, and Allstate.
In another report released today, J.P. Morgan also maintained a Hold rating on the stock with a $81.00 price target.