Unum Group reported a clean quarter, says UBS UBS said Unum reported a clean quarter with progress on LTC and in the U.K. The firm believes shares can trade higher given its stable ROE, buybacks, and BVPS growth. Shares are Buy rated with a $27 price target.
Unum Group says CEO Thomas Watjen announces retirement After 12 years as CEO of Unum Group, Thomas R. Watjen retired at the company’s annual shareholder meeting and Richard P. McKenney assumed the role of CEO. “For many years we have been committed to a rigorous leadership development and succession planning process,” Watjen said. “We are well-positioned for the future and I step back knowing that Unum is in very good hands and poised for even greater things ahead.” Watjen will stay active with the company as he begins a two-year term as chairman of the board of directors, with former chairman William J. Ryan being appointed lead independent director.