Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unum Group shares valued at $678,860 were sold by Bhasin Puneet on May 22. At $46.47 per share, Bhasin Puneet sold 14,609 shares. The insider’s holdings dropped to 62,506 shares worth approximately $2.85 million following the completion of this transaction.
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Also, Pyne Christopher W sold 5,579 shares, netting a total of over 250,051 in proceeds. Following the sale of shares at $44.82 each, the insider now holds 50,084 shares.
Before that, Rice Walter Lynn JR had sold 2,800 shares from its account. In a trade valued at $125,188, the SVP, Chief Accounting Officer traded Unum Group shares for $44.71 each. Upon closing the transaction, the insider’s holdings decreased to 2,800 shares, worth approximately $0.32 million.
Analyzing UNM Stock Performance
On Thursday, Unum Group [NYSE: UNM] rose 1.54% to $45.58. The stock’s lowest price that day was $44.82, but it reached a high of $45.67 in the same session. During the last five days, there has been a drop of approximately -1.81%. Over the course of the year, Unum Group shares have jumped approximately 11.09%. Shares of the company reached a 52-week high of $46.99 on 05/19/23 and a 52-week low of $36.27 on 03/17/23. A 50-day SMA is recorded $41.46, while a 200-day SMA reached $41.28. Nevertheless, trading volume fell to 0.81 million shares from 0.87 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 45.04, which, if violated, would cause prices to drop to 44.51. In the upper region, resistance lies at 45.89. The next price resistance is at 46.21. RSI (Relative Strength Index) is 60.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 38.26%, indicating low 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 May 14, 2023 dropping by -0.11 million shares to 2.67 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 2.78 million shares. A decline of -4.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.91 of the overall float, the days-to-cover ratio (short ratio) decline to 1.91.
Which companies own the most shares of Unum Group (UNM)?
According to BlackRock Fund Advisors filings, the company currently owns 20,355,526 shares, which is about 10.32% of the total UNM shares outstanding. The investor’s shares have plunged by -1,143,708 from its previous 13-F filing of 21499234.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $856,687,514. Norges Bank Investment Management reduced a -1.89% interest valued at $438.62 million while Fidelity Management & Research Co sold a -7,458,173 stake. A total of -940,093 shares of Unum Group were sold by Dimensional Fund Advisors LP during the quarter, and -927,984 were sold by SSgA Funds Management, Inc. In its current portfolio, Charles Schwab Investment Managem holds 4,540,417 shares valued at $191.61 million.
In terms of Unum Group share price expectations, FactSet research, analysts set an average price target of $50.60 in the next 12 months, up nearly 11.38% from the previous closing price of $44.89. Analysts anticipate Unum Group stock to reach $59.00 by 2023, with the lowest price target being $46.00.