Deutsche Bank Downgrades Unum Group (UNM) to Hold

May 6, 2013 7:37 AM EDT
Get Alerts UNM Hot Sheet
Price: $43.18 +0.77%

Rating Summary:
    8 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 30 | New: 24
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Deutsche Bank downgraded Unum Group (NYSE: UNM) from Buy to Hold with a price target of $31.00 (unchanged).

Analyst Yaron Kinar said, "We continue to view UNM as a high-quality, low-risk name with upside, generating stable 11% ROEs yet trading at a 10% discount to BV ex AOCI. Nonetheless, the discount has meaningfully compressed in recent months. More importantly, we struggle to point to near-term catalysts, with top line stagnating and underwriting results already very strong."

For an analyst ratings summary and ratings history on Unum Group (NYSE: UNM) click here. For more ratings news on Unum Group click here.

Shares of Unum Group closed at $27.43 yesterday.

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