Unum Group’s recent filing unveils that its EVP, VB & President, Colonial Arnold Timothy Gerald unloaded Company’s shares for reported $0.77 million on Nov 27 ’24. In the deal valued at $76.92 per share,10,000 shares were sold. As a result of this transaction, Arnold Timothy Gerald now holds 54,827 shares worth roughly $4.11 million.
Then, Arnold Timothy Gerald bought 10,000 shares, generating $769,199 in total proceeds.
Before that, McKenney Richard P sold 58,865 shares. Unum Group shares valued at $4,438,106 were divested by the President and CEO at a price of $75.39 per share. As a result of the transaction, McKenney Richard P now holds 1,007,003 shares, worth roughly $75.54 million.
BMO Capital Markets initiated its Unum Group [UNM] rating to an Outperform in a research note published on January 23, 2025; the price target was $91. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. Evercore ISI also remained covering UNM and has increased its forecast on November 14, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Barclays started covering the stock on September 05, 2024. It rated UNM as “an Overweight”.
Price Performance Review of UNM
On Friday, Unum Group [NYSE:UNM] saw its stock fall -0.73% to $75.01. Over the last five days, the stock has gained 0.96%. Unum Group shares have risen nearly 2.71% since the year began. Nevertheless, the stocks have risen 60.66% over the past one year. While a 52-week high of $77.63 was reached on 01/23/25, a 52-week low of $46.39 was recorded on 01/10/25. SMA at 50 days reached $73.69, while 200 days put it at $59.65.
Levels Of Support And Resistance For UNM Stock
The 24-hour chart illustrates a support level at 74.77, which if violated will result in even more drops to 74.53. On the upside, there is a resistance level at 75.29. A further resistance level may holdings at 75.56. The Relative Strength Index (RSI) on the 14-day chart is 60.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.25%. Stochastics %K at 82.93% 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 2024-12-31, growing by 0.17 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.41 million shares. There was a rise of 6.57%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 11, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $57 price target.
