We are upgrading the recommendation on StanCorp Financial Group Inc. (NYSE:SFG) to Neutral from Underperform on the back of strong third quarter results. Overall benefit ratio declined compared with the last two quarters. Earnings per share of 96 cents also surpassed the Zacks Consensus Estimate by 30 cents.
StanCorp reported a benefit ratio of 80.7% in the third quarter, lower than the past two quarters due to favorable group life claims experience. Benefit ratio in second quarter was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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