Unum Group (NYSE: UNM)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Thursday. They currently have a $31.00 target price on the stock, up from their previous target price of $27.00.

The analysts wrote, “The increase reflects a new, higher P/B valuation, as our perception of Unum’s capital impairment risk has evolved. It also reflects a higher S&P 500 P/E valuation, which favorably impacts the group’s relative P/E valuation. Having discussed ongoing and closed block operations at length with management, our confidence in stable earnings and cash generation has increased. Our above-consensus EPS remains unchanged. Buy.”

Shares of Unum Group (NYSE: UNM) traded down 0.22% during mid-day trading on Thursday, hitting $27.53. Unum Group has a 52 week low of $18.28 and a 52 week high of $27.87. The stock’s 50-day moving average is currently $25.0. The company has a market cap of $7.428 billion and a P/E ratio of 8.70.

Unum Group (NYSE: UNM) last announced its earnings results on Tuesday, February 5th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.05. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Unum Group will post $3.25 earnings per share for the current fiscal year.

UNM has been the subject of a number of other recent research reports. Analysts at Bank of America downgraded shares of Unum Group from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $29.00 price target on the stock, up previously from $27.00. Separately, analysts at SunTrust raised their price target on shares of Unum Group from $30.00 to $32.00 in a research note to investors on Friday, March 8th. They now have a “buy” rating on the stock. Finally, analysts at SunTrust upgraded shares of Unum Group from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, February 13th. They now have a $30.00 price target on the stock.

Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.20.

Unum Group and its insurance and non-insurance subsidiaries, operate in the United States, the United Kingdom, and, to a limited extent, in certain other countries worldwide.

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