Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unum Group shares valued at $1,605,392 were sold by McKenney Richard P on Aug 25. At $40.13 per share, McKenney Richard P sold 40,000 shares. The insider’s holdings dropped to 950,367 shares worth approximately $38.07 million following the completion of this transaction.
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Also, IGLESIAS LISA G sold 20,000 shares, netting a total of over 800,000 in proceeds. Following the sale of shares at $40.00 each, the insider now holds 56,814 shares.
Before that, Pyne Christopher W had sold 7,149 shares from its account. In a trade valued at $251,165, the EVP, Group Benefits traded Unum Group shares for $35.13 each. Upon closing the transaction, the insider’s holdings decreased to 7,149 shares, worth approximately $2.03 million.
As published in their initiating research note from Raymond James on September 22, 2022, Unum Group [UNM] has been a Mkt perform. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of January 26, 2022, Jefferies has initiated its “Hold” rating for UNM. Earlier on January 21, 2022, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for UNM stock.
Analyzing UNM’s Price Performance
On Thursday, Unum Group [NYSE: UNM] rose 0.33% to $40.06. The stock’s lowest price that day was $39.61, but it reached a high of $40.28 in the same session. During the last five days, there has been a drop of approximately -1.57%. Over the course of the year, Unum Group shares have jumped approximately 63.04%. Shares of the company reached a 52-week high of $41.13 on 09/15/22 and a 52-week low of $24.23 on 01/28/22. A 50-day SMA is recorded $36.90, while a 200-day SMA reached $31.87. Nevertheless, trading volume fell to 1.39 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Unum Group (UNM)
According to the 24-hour chart, there is a support level at 39.69, which, if violated, would cause prices to drop to 39.31. In the upper region, resistance lies at 40.36. The next price resistance is at 40.65. RSI (Relative Strength Index) is 59.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 27.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Unum Group subject to short interest?
Stocks of Unum Group saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.71 million shares to 3.64 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.35 million shares. A decline of -46.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.81 of the overall float, the days-to-cover ratio (short ratio) decline to 1.81.
Which companies own the most shares of Unum Group (UNM)?
According to BlackRock Fund Advisors filings, the company currently owns 20,677,952 shares, which is about 10.34% of the total UNM shares outstanding. The investor’s shares have appreciated by 259,271 from its previous 13-F filing of 20418681.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $746,863,732. Fidelity Management & Research Co reduced a -0.89% interest valued at $680.19 million while Norges Bank Investment Management purchased a 6,339,567 stake. A total of 247,936 shares of Unum Group were bought by Dimensional Fund Advisors LP during the quarter, and 166,022 were bought by SSgA Funds Management, Inc.. In its current portfolio, Charles Schwab Investment Managem holds 4,443,280 shares valued at $168.18 million.
In terms of Unum Group share price expectations, FactSet research, analysts set an average price target of $39.15 in the next 12 months, down nearly -4.83% from the previous closing price of $39.93. Analysts anticipate Unum Group stock to reach $48.00 by 2022, with the lowest price target being $34.00. In spite of this, 14 analysts ranked Unum Group stock as a Hold at the end of 2022. On December 03, 2021, Goldman assigned a price target of “a Buy” to the stock and initiated coverage with a $32.