Goldman Sachs is reiterating its Buy rating on Unum Group UNM.
“Interest rate concerns appear limited as Unum Group only has $2.5bn of investable cash flow in 2011 (6% of portfolio), limiting spread pressures and UNM's taking rate increases,” Goldman Sachs writes. “Buybacks are likely to surprise to upside driving favorable EPS revisions (buyback 13% of market cap per year over the next 3 years).”
Unum Group currently trades at $22.21.
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