FMP
Piper Sandler Boosts Unum Group Price Target to $66, Cites Favorable Industry Trends
Sep 27, 2024 1:28 PM - Davit Kirakosyan
Image credit: FMP
Piper Sandler analysts raised their price target on Unum Group (NYSE:UNM) to $66 from $64 while maintaining an Overweight rating on the stock.
The analysts reaffirmed confidence in Unum's positioning, particularly noting that the company stands to benefit from favorable industry trends. They highlighted three key factors supporting the investment thesis: Unum is less exposed to potential interest rate cuts compared to other life insurance companies, with less than 20% of revenue tied to net investment income (NII), reflecting its strength as an underwriter.
Additionally, the company has strengthened its long-term care (LTC) block, reducing risk during actuarial review season. Moreover, Unum has experienced positive claims utilization trends across the organization.
The analysts also emphasized improved earnings, capital deployment, and free cash flow (FCF) conversion, supported by a growing premium base, while noting that Unum’s valuation remains attractive compared to peers and historical averages.
Other Blogs
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
How to Access and Analyze Earnings Call Transcripts
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
