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Checking in on Unum Group (UNM) after recent insiders movement

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Unum Group’s filing revealed that its EVP, Chief Financial Officer Zabel Steven Andrew unloaded Company’s shares for reported $0.51 million on Mar 13 ’24. In the deal valued at $51.06 per share,10,000 shares were sold. As a result of this transaction, Zabel Steven Andrew now holds 122,246 shares worth roughly $6.24 million.

Then, IGLESIAS LISA G sold 16,000 shares, generating $800,064 in total proceeds. Upon selling the shares at $50.00, the EVP, General Counsel now owns 40,840 shares.

Before that, McKenney Richard P sold 50,000 shares. Unum Group shares valued at $2,457,575 were divested by the President and CEO at a price of $49.15 per share. As a result of the transaction, McKenney Richard P now holds 1,076,753 shares, worth roughly $54.93 million.

JP Morgan upgraded its Unum Group [UNM] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late April with a ‘”an Overweight”‘ rating. Jefferies also remained covering UNM and has increased its forecast on March 20, 2023 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on March 15, 2023. It rated UNM as “a Buy” which previously was an “a Neutral”.

Price Performance Review of UNM

On Monday, Unum Group [NYSE:UNM] saw its stock jump 0.51% to $51.01. Over the last five days, the stock has lost -1.53%. Unum Group shares have risen nearly 12.80% since the year began. Nevertheless, the stocks have risen 23.60% over the past one year. While a 52-week high of $54.57 was reached on 04/04/24, a 52-week low of $40.04 was recorded on 01/17/24. SMA at 50 days reached $51.28, while 200 days put it at $48.13. A total of 1.36 million shares were traded, compared to the trading of 1.02 million shares in the previous session.

Levels Of Support And Resistance For UNM Stock

The 24-hour chart illustrates a support level at 50.80, which if violated will result in even more drops to 50.60. On the upside, there is a resistance level at 51.23. A further resistance level may holdings at 51.46. The Relative Strength Index (RSI) on the 14-day chart is 46.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.52%. Stochastics %K at 41.27% indicates the stock is a holding.

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