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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:08 EDTUNMHouse Ways & Means Committee to hold a hearing
The Social Security Subcommittee holds a hearing entitled, "Preventing Disability Scams" with Vice President Royal of Unum Group (UNM) on February 26 at 10 am. Webcast Link
News For UNM From The Last 14 Days
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December 19, 2014
06:24 EDTUNMUnum Group upgraded to Buy from Neutral at Compass Point
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December 17, 2014
07:39 EDTUNMUnum Group conservativley positioned for growth, says UBS
UBS says Unum Group is conservatively positioned for growth as they believe the company is set up nicely for 2015 and beyond. The firm noted the company's lower guidance, but said its assumptions are conservative. UBS feels the company has addressed investor concerns, which coupled with its growth in sales and premiums should lead to stronger results. UBS reiterated its Buy rating and $40 price target on Unum Group shares.
December 16, 2014
07:34 EDTUNMUnum Group sees year-end 2014 capital metrics slightly above prior outlook
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07:33 EDTUNMUnum Group sees cash flow from ops supporting planned 2015 share repurchases
The Company will discuss additional details of its 2015 financial plan and capital management plans. Primary factors impacting the 2015 outlook include the expectation of continued momentum in premium income growth of 4 percent to 6 percent for its core operations along with generally stable risk experience, offset in part by the continued negative effects of today’s low interest rate environment including a reduction of 50 basis points to the discount rate which the Company anticipates implementing in the fourth quarter of 2014 for new group long-term disability claim incurrals in Unum US. The Company currently estimates its year-end 2014 capital metrics, after consideration of the anticipated GAAP reserve increase and a statutory reserve increase of approximately $150 million for its First Unum subsidiary, will be slightly above the outlook provided a year ago, with the weighted average risk-based capital ratio for the Company’s traditional U.S. insurance companies exceeding 400 percent and cash and marketable securities in its holding companies exceeding $500 million. The Company continues to anticipate the generation of strong cash flow from its operations in 2015 which will support planned share repurchases within a range of $400 million to $600 million. In addition, management expects that in May 2015 it will recommend to its Board of Directors to again increase its common stock dividend. Finally, the Company expects to maintain a strong capital position and is establishing an outlook for year-end 2015 weighted average risk-based capital ratio to be within a range of 375 percent to 400 percent and cash and marketable securities in its holding companies to be in excess of $500 million.
07:32 EDTUNMUnum Group to confirm FY15 operating EPS growth outlook of 5%-10%
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December 10, 2014
14:26 EDTUNMUnum Group to host investor meeting
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