Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unum Group shares valued at $420,880 were sold by Keaney Timothy F on May 07 ’24. At $52.61 per share, Keaney Timothy F sold 8,000 shares. The insider’s holdings dropped to 37,505 shares worth approximately $2.12 million following the completion of this transaction.
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Also, Pyne Christopher W sold 4,500 shares, netting a total of over 236,116 in proceeds. Following the sale of shares at $52.47 each, the insider now holds 56,262 shares.
Before that, Zabel Steven Andrew had sold 10,000 shares from its account. In a trade valued at $510,600, the EVP, Chief Financial Officer traded Unum Group shares for $51.06 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $6.91 million.
As published in their initiating research note from Piper Sandler on July 11, 2024, Unum Group [UNM] has been an Overweight and the price target has been revised to $57. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of April 25, 2023, Wells Fargo has initiated its “an Overweight” rating for UNM. Earlier on March 20, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for UNM stock which previously was a “a Hold”.
Analyzing UNM Stock Performance
During the last five days, there has been a surge of approximately 5.96%. Over the course of the year, Unum Group shares have jumped approximately 25.08%. Shares of the company reached a 52-week high of $58.17 on 07/31/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $52.06, while a 200-day SMA reached $49.13. Nevertheless, trading volume fell to 1.31 million shares from 3.09 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 55.82, which, if violated, would cause prices to drop to 55.08. In the upper region, resistance lies at 57.72. The next price resistance is at 58.88. RSI (Relative Strength Index) is 70.65 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.02, which suggests the price will increase in the coming days. Percent R is at 26.92%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
