Morgan Stanley Maintains Equal-Weight Rating for Unum: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Unum UNM and raise its price target from $45.00 to $48.00.

Shares of Unum are trading up 1.07% over the last 24 hours, at $40.75 per share.

A move to $48.00 would account for a 17.79% increase from the current share price.

About Unum

Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers a complementary portfolio of other insurance products, including long-term care insurance, life insurance, and employer- and employee-paid group benefits. It has the following operating business segments: Unum US, Unum International, and Colonial Life. The majority of the revenue is earned from the Unum US segment. The firm markets its products primarily through brokers.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.