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UNM (Unum Group) may reap gains as insiders became active recently

In a filing, Unum Group revealed its Director Keaney Timothy F unloaded Company’s shares for reported $0.42 million on May 07 ’24. In the deal valued at $52.61 per share,8,000 shares were sold. As a result of this transaction, Keaney Timothy F now holds 37,505 shares worth roughly $2.01 million.

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Then, Pyne Christopher W sold 4,500 shares, generating $236,116 in total proceeds. Upon selling the shares at $52.47, the EVP, Group Benefits now owns 56,262 shares.

Before that, Zabel Steven Andrew sold 10,000 shares. Unum Group shares valued at $510,600 were divested by the EVP, Chief Financial Officer at a price of $51.06 per share. As a result of the transaction, Zabel Steven Andrew now holds 122,246 shares, worth roughly $6.54 million.

Piper Sandler initiated its Unum Group [UNM] rating to an Overweight in a research note published on July 11, 2024; the price target was $57. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Wells Fargo began covering UNM with “an Overweight” recommendation on April 25, 2023. Jefferies revised its rating on March 20, 2023. It rated UNM as “a Buy” which previously was an “a Hold”.

Price Performance Review of UNM

On Monday, Unum Group [NYSE:UNM] saw its stock jump 0.53% to $53.52. Over the last five days, the stock has lost -0.58%. Unum Group shares have risen nearly 18.35% since the year began. Nevertheless, the stocks have risen 9.87% over the past one year. While a 52-week high of $54.66 was reached on 07/18/24, a 52-week low of $41.75 was recorded on 01/17/24. SMA at 50 days reached $51.86, while 200 days put it at $49.04. A total of 1.0 million shares were traded, compared to the trading of 1.06 million shares in the previous session.

Levels Of Support And Resistance For UNM Stock

The 24-hour chart illustrates a support level at 53.28, which if violated will result in even more drops to 53.03. On the upside, there is a resistance level at 53.75. A further resistance level may holdings at 53.97. The Relative Strength Index (RSI) on the 14-day chart is 61.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.75%. Stochastics%K at 70.98% indicates the stock is a holding.

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