J.P. Morgan Comments On Strong Results For Unum

According to J.P. Morgan, Unum UNM results were strong, marked by upside in EPS, stable U.S. margins, improving U.S. sales, and poor UK sales. J.P. Morgan said that its Neutral rating reflects a cautious view on near term growth but the long term outlook is bullish due to UNM's strong capital position and leverage to an improving economy. “We maintain our Neutral rating. Our outlook is relatively positive given UNM's stable returns, significant capital flexibility, and limited earnings exposure to the equity market or low interest rates.” Unum closed yesterday at $23.59.