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Unum Group [UNM] Insider Activity: An Update for Investors

Unum Group’s recently made public that its Director O HANLEY RONALD P unloaded Company’s shares for reported $1.03 million on Nov 14 ’24. In the deal valued at $72.10 per share,14,299 shares were sold. As a result of this transaction, O HANLEY RONALD P now holds 38,819 shares worth roughly $2.82 million.

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Then, O HANLEY RONALD P bought 14,300 shares, generating $1,031,023 in total proceeds.

Before that, Zabel Steven Andrew sold 7,300 shares. Unum Group shares valued at $506,036 were divested by the EVP, Chief Financial Officer at a price of $69.32 per share. As a result of the transaction, Zabel Steven Andrew now holds 115,024 shares, worth roughly $8.35 million.

Evercore ISI upgraded its Unum Group [UNM] rating to an Outperform from a an In-line in a research note published on November 14, 2024; the price target was increased to $84 from $67. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Piper Sandler began covering UNM with “an Overweight” recommendation on July 11, 2024. JP Morgan revised its rating on January 03, 2024. It rated UNM as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of UNM

On Monday, Unum Group [NYSE:UNM] saw its stock fall -0.83% to $72.58. Over the last five days, the stock has gained 3.36%. Unum Group shares have risen nearly 60.50% since the year began. Nevertheless, the stocks have risen 72.48% over the past one year. While a 52-week high of $73.24 was reached on 11/18/24, a 52-week low of $41.86 was recorded on 01/17/24. SMA at 50 days reached $62.28, while 200 days put it at $54.54.

Levels Of Support And Resistance For UNM Stock

The 24-hour chart illustrates a support level at 72.21, which if violated will result in even more drops to 71.83. On the upside, there is a resistance level at 73.29. A further resistance level may holdings at 73.99. The Relative Strength Index (RSI) on the 14-day chart is 77.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.58%. Stochastics %K at 94.60% indicates the stock is a selling.

How much short interest is there in Unum Group?

A steep rise in short interest was recorded in Unum Group stocks on 2024-10-31, dropping by -1.26 million shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.19 million shares. There was a decline of -64.98%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 25, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $57 price target.

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