What Makes Unum Group (UNM) Highly Favored by Hedge Funds

Unum Group (NYSE:UNM) is one of the 12 oversold financial stocks to invest in according to hedge funds.

On February 6, the price target on Unum Group (UNM) was lowered from $105 to $103 by Thomas Gallagher from Evercore ISI. The analyst maintained an Outperform rating on the stock, which offers almost 44% upside potential at the current level. Gallagher’s downward revision in price target comes after a weak quarterly report, which he labelled as “rough disability quarter on an apples-to-apples basis.” The analyst also noted the company’s 2026 guidance, which is approximately 1%-2% lower, reflecting a modest outlook.

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On February 6, Jimmy Bhullar of J.P. Morgan reiterated his Neutral rating on Unum Group (UNM) and also reduced his price target from $92 to $90. Following this revision, Bhullar’s estimates yield an upside potential of almost 26%. His rating is also based on the company’s recent quarterly announcement, which did not inspire too much confidence.

Unum Group (NYSE:UNM) delivers financial protection benefit solutions with a focus on accident, critical illness, disability, life, and vision insurance. It offers both long-term and short-term plans for individuals and groups, backed by supplemental and voluntary offerings. Other services include reinsurance pools, workplace benefits, management operations, and leave management.

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Disclosure: None. This article is originally published at Insider Monkey.