Deutsche Bank Likes Unum (UNM)

Deutsche Bank has a Buy rating on Unum Group UNM after it reported earnings yesterday. It has a $31 price target on shares. In a note to clients, Deutsche Bank writes, "We raised our 2010 EPS estimate to $2.71 from $2.70 for 2010 to account for the 3Q EPS beat. Our 2011 EPS estimate declined to $2.95 from $3.05, as we lowered our estimates for Unum UK and the Supplementary and Voluntary line. This suggests earnings growth of 1% in 2011 and EPS growth of 9%. We maintain our Buy rating, as we expect Unum will benefit from the industry raising disability insurance pricing in the US and UK." Shares of UNM lost 75 cents yesterday to close at $22.07, a loss of 3.3%.