Unum Group (UNM – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Mark Hughes from Truist Financial maintained a Buy rating on the stock and has a $90.00 price target.
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Mark Hughes has given his Buy rating due to a combination of factors including Unum Group’s strong financial outlook and capital management strategies. Hughes raised the price target to $90, reflecting confidence in the company’s ability to maintain healthy profits and generate excess capital. The forecasted earnings per share (EPS) for 2025 and 2026 indicate robust growth, supported by consistent top-line revenue increases.
Additionally, the company reported significant year-over-year growth in new sales and maintained a solid capital position, with substantial liquidity and a favorable risk-based capital ratio. Management’s guidance for EPS growth and premium increases in core operations further underscores the positive outlook. Unum’s strategic capital deployment through dividends and share buybacks enhances shareholder value, reinforcing Hughes’s Buy rating recommendation.
Hughes covers the Financial sector, focusing on stocks such as Willis Towers Watson, Voya Financial, and HCI Group. According to TipRanks, Hughes has an average return of 20.6% and a 78.74% success rate on recommended stocks.
In another report released today, KBW also maintained a Buy rating on the stock with a $88.00 price target.