Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unum Group shares valued at $769,199 were purchased by Arnold Timothy Gerald on Nov 27 ’24. At $76.92 per share, Arnold Timothy Gerald acquired 10,000 shares.
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Also, McKenney Richard P sold 58,865 shares, netting a total of over 4,438,106 in proceeds. Following the sale of shares at $75.39 each, the insider now holds 1,007,003 shares.
Before that, LARSON GLORIA C had sold 10,000 shares from its account. In a trade valued at $745,000, the Director traded Unum Group shares for $74.50 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $9.36 million.
As published in a research note from Evercore ISI on November 14, 2024, Unum Group [UNM] has been rated up from an In-line to an Outperform and the price target has been revised to $84 from $67. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of July 11, 2024, Piper Sandler has initiated its “an Overweight” rating for UNM. Earlier on January 03, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for UNM stock which previously was a “a Neutral”.
Analyzing UNM Stock Performance
During the last five days, there has been a surge of approximately 6.13%. Over the course of the year, Unum Group shares have jumped approximately 70.43%. Shares of the company reached a 52-week high of $77.20 on 11/27/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $65.07, while a 200-day SMA reached $55.49. Nevertheless, trading volume fell to 0.84 million shares from 1.3 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 76.48, which, if violated, would cause prices to drop to 75.89. In the upper region, resistance lies at 77.43. The next price resistance is at 77.79. RSI (Relative Strength Index) is 83.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.25, which suggests the price will increase in the coming days. Percent R is at 1.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
