Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unum Group shares valued at $3,727,206 were sold by McKenney Richard P on Sep 05 ’24. At $54.98 per share, McKenney Richard P sold 67,795 shares. The insider’s holdings dropped to 1,065,868 shares worth approximately $68.44 million following the completion of this transaction.
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Also, McKenney Richard P purchased 67,795 shares, netting a total of over 3,767,368 in proceeds.
Before that, Pyne Christopher W had sold 2,250 shares from its account. In a trade valued at $123,008, the EVP, Group Benefits traded Unum Group shares for $54.67 each. Upon closing the transaction, the insider’s holdings decreased to 2,250 shares, worth approximately $3.47 million.
As published in their initiating research note from Barclays on September 05, 2024, Unum Group [UNM] has been an Overweight and the price target has been revised to $73. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of January 03, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for UNM. Earlier on April 25, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for UNM stock.
Analyzing UNM Stock Performance
During the last five days, there has been a surge of approximately 4.19%. Over the course of the year, Unum Group shares have jumped approximately 41.99%. Shares of the company reached a 52-week high of $64.52 on 10/17/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $56.96, while a 200-day SMA reached $52.32. Nevertheless, trading volume fell to 0.82 million shares from 1.15 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 63.79, which, if violated, would cause prices to drop to 63.36. In the upper region, resistance lies at 64.58. The next price resistance is at 64.94. RSI (Relative Strength Index) is 78.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.27, which suggests the price will increase in the coming days. Percent R is at 4.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
