Unum Group’s recently made public that its President and CEO McKenney Richard P unloaded Company’s shares for reported $4.44 million on Nov 21 ’24. In the deal valued at $75.39 per share,58,865 shares were sold. As a result of this transaction, McKenney Richard P now holds 1,007,003 shares worth roughly $76.74 million.
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Then, LARSON GLORIA C sold 10,000 shares, generating $745,000 in total proceeds. Upon selling the shares at $74.50, the Director now owns 121,491 shares.
Before that, IGLESIAS LISA G sold 5,000 shares. Unum Group shares valued at $363,050 were divested by the EVP, General Counsel at a price of $72.61 per share. As a result of the transaction, IGLESIAS LISA G now holds 35,840 shares, worth roughly $2.73 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 jump 0.49% to $76.21. Over the last five days, the stock has gained 5.00%. Unum Group shares have risen nearly 68.53% since the year began. Nevertheless, the stocks have risen 76.53% over the past one year. While a 52-week high of $76.31 was reached on 11/25/24, a 52-week low of $41.97 was recorded on 01/17/24. SMA at 50 days reached $64.26, while 200 days put it at $55.21.
Levels Of Support And Resistance For UNM Stock
The 24-hour chart illustrates a support level at 75.55, which if violated will result in even more drops to 74.90. On the upside, there is a resistance level at 76.79. A further resistance level may holdings at 77.38. The Relative Strength Index (RSI) on the 14-day chart is 81.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.52%. Stochastics %K at 95.49% 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.
