Insider Selling Buzz: Unum Group [UNM] President and CEO McKenney Richard P sold 40,000 shares of the company

EURN Stock
EURN Stock

In a filing, Unum Group revealed its President and CEO McKenney Richard P unloaded Company’s shares for reported $1.61 million on Aug 25. In the deal valued at $40.13 per share,40,000 shares were sold. As a result of this transaction, McKenney Richard P now holds 950,367 shares worth roughly $ 43.25 million.

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Then, IGLESIAS LISA G sold 20,000 shares, generating $800,000 in total proceeds. Upon selling the shares at $40.00, the EVP, General Counsel now owns 56,814 shares.

Before that, Pyne Christopher W sold 7,149 shares. Unum Group shares valued at $251,165 were divested by the EVP, Group Benefits at a price of $35.13 per share. As a result of the transaction, Pyne Christopher W now holds 50,781 shares, worth roughly $2.31 million.

Raymond James initiated its Unum Group [UNM] rating to a Mkt perform in a research note published on Monday. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Jefferies began covering UNM with “Hold” recommendation on January 26, 2022. Wolfe Research started covering the stock on January 21, 2022. It rated UNM as “a Peer perform”.

Price Performance Review of UNM

On Monday, Unum Group [NYSE:UNM] saw its stock jump 0.82% to $45.51. On the same session, the stock had its day’s lowest price of $44.74, but rose to a high of $45.65. Over the last five days, the stock has lost -0.18%. Unum Group shares have risen nearly 85.23% since the year began. Nevertheless, the stocks have risen 72.65% over the past one year. While a 52-week high of $46.64 was reached on 11/02/22, a 52-week low of $22.25 was recorded on 01/28/22. SMA at 50 days reached $41.19, while 200 days put it at $34.58. A total of 0.94 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For UNM Stock

The 24-hour chart illustrates a support level at 44.95, which if violated will result in even more drops to 44.39. On the upside, there is a resistance level at 45.86. A further resistance level may holdings at 46.21. The Relative Strength Index (RSI) on the 14-day chart is 65.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.11%. Stochastics %K at 65.83% indicates the stock is a holding.

How much short interest is there in Unum Group?

A steep rise in short interest was recorded in Unum Group stocks on Jul 14, 2022, dropping by -1.71 million shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.35 million shares. There was a decline of -46.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.81.

Unum Group [UNM] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 20,677,952 shares, or roughly 10.34% of the outstanding UNM shares. In other words, the investor’s shares have risen by 259,271 from its previous 13-F filing of 20418681.0. Additionally, The Vanguard Group, Inc. decreased -6.70% of its stake after which the total value it holdings stand at $765,609,321, while Fidelity Management & Research Co reduced -0.89% of its stake to hold $697.27 million in the firm. Over the last quarter, Norges Bank Investment Management purchased 6,339,567 shares of Unum Group, while Dimensional Fund Advisors LP bought 247,936 shares. At present, SSgA Funds Management, Inc. is holding 7,106,074 shares valued at $275.72 million. Charles Schwab Investment Managem owned 4,443,280 shares of the company at the time of its most recent 13F filing, worth $172.4 million.

According to FactSet, Unum Group’s share price will average $45.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 0.8 percent from its previous closing price of $45.14. Analysts expect Unum Group stock to reach the higher price of $52.00, while the lowest price estimate is $37.00. However, 15 analysts have rated UNM stock as a Hold in their predictions for 2022. The most recent change occurred on December 03, 2021 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.


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