Goldman Sachs Provides Color on Life Insurers
Goldman Sachs provided color on life insurers. In a research report published today, the rating agency commented on Lincoln National (NYSE: LNC) and Unum's (NYSE: UNM) Q2 results, which it views as better than expected.
In the report, Goldman states, “We view 2Q EPS results from Buy-rated LNC and UNM as better than expected. LNC reported EPS of $1.09 ($0.98 ex favorable items) vs. GS/cons. of $0.94. UNM reported $0.75 ($0.73 ex higher NII) vs. GS/cons. of $0.72.”
On Tuesday, UNM lost 2.6% of its value to end the day at $23.59. Its shares rebounded in today's pre-market trading, rising 1.31% to stand around $23.90. At the same time, LNC lost 3.23% of its value on Tuesday to end the day at $25.45. Its shares also rebounded in today's pre-market trading, rising 2.12% to stand around $25.99.
