BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it has commenced an investigation on behalf of Unum Group (“Unum” or the “Company) (NYSE: UNM) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 2, 2018, Unum disclosed that its first quarter 2018 loss ratio for its long-term care business was a disappointing 96.6%, compared to 88.6% for the first quarter of 2017. The first quarter 2018 loss ratio also far exceeded the Company’s earlier-stated expectation of 85-90%.
On this news, Unum’s share price fell $8.12 per share, or nearly 17%, to close at $39.78 per share on May 2, 2018, thereby injuring investors.
If you purchased Unum securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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