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Keefe, Bruyette & Woods Maintains Outperform on Unum Gr, Lowers Price Target to $108

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    Unum Group's Premium Growth and Share Buybacks Support 2026 Outlook

    Unum Group projects 4-7% premium growth and adjusted operating EPS of $8.60-$8.90 in 2026, supported by strong persistency, higher sales, and digital investments. The company plans $1 billion in buybacks but faces headwinds from rising claims costs and declining investment income. Comparable industry players NMI Holdings, Palomar Holdings, and Arch Capital also show positive earnings momentum.