Unum Group (NYSE:UNM)’s Trend Unknown, Especially After Increased Shorts

March 14, 2018 - By Richard Conner

 Unum Group (NYSE:UNM)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment increased to 0.85 in 2017 Q3. Its up 0.01, from 0.84 in 2017Q2. It increased, as 25 investors sold Unum Group shares while 178 reduced holdings. 49 funds opened positions while 123 raised stakes. 200.74 million shares or 2.11% less from 205.07 million shares in 2017Q2 were reported.
Conning holds 0.01% or 5,670 shares in its portfolio. Parallax Volatility Advisers Limited Partnership holds 0% or 35 shares in its portfolio. Hbk Investments L P holds 0% of its portfolio in Unum Group (NYSE:UNM) for 4,665 shares. Qci Asset holds 0% or 96 shares. Tci Wealth Advsrs Incorporated reported 166 shares. 127,137 are held by Atwood Palmer. Investors Asset Mngmt Of Georgia Ga Adv holds 0.29% of its portfolio in Unum Group (NYSE:UNM) for 7,686 shares. State Board Of Administration Of Florida Retirement reported 392,305 shares stake. Federated Pa holds 0% or 3,647 shares in its portfolio. Virginia Retirement Sys Et Al has 0.03% invested in Unum Group (NYSE:UNM). Ameriprise reported 0.1% in Unum Group (NYSE:UNM). Td Asset Mngmt invested in 0.05% or 690,336 shares. Fuller And Thaler Asset Mgmt invested 0% of its portfolio in Unum Group (NYSE:UNM). New Mexico Educational Retirement Board reported 21,262 shares or 0.05% of all its holdings. Dupont Mgmt reported 0.12% stake.

Since December 14, 2017, it had 0 insider buys, and 6 selling transactions for $1.52 million activity. 5,000 Unum Group (NYSE:UNM) shares with value of $260,450 were sold by Simonds Michael Q. Waxenberg Daniel Jason also sold $75,134 worth of Unum Group (NYSE:UNM) on Friday, February 23. Shares for $397,325 were sold by Jerome Christopher J. $463,807 worth of Unum Group (NYSE:UNM) was sold by IGLESIAS LISA G. McGarry John F also sold $266,976 worth of Unum Group (NYSE:UNM) shares.

The stock of Unum Group (NYSE:UNM) registered an increase of 72.03% in short interest. UNM’s total short interest was 5.17M shares in March as published by FINRA. Its up 72.03% from 3.01M shares, reported previously. With 1.86M shares average volume, it will take short sellers 3 days to cover their UNM’s short positions. The short interest to Unum Group’s float is 2.31%.

The stock decreased 1.63% or $0.82 during the last trading session, reaching $49.5. About 654,411 shares traded. Unum Group (NYSE:UNM) has risen 29.60% since March 14, 2017 and is uptrending. It has outperformed by 12.90% the S&P500.

Unum Group, together with its subsidiaries, provides group and individual disability insurance services and products primarily in the United States and the United Kingdom. The company has market cap of $10.95 billion. It operates through Unum US, Unum UK, Colonial Life, and Closed Block divisions. It has a 11.33 P/E ratio. The firm offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

Unum Group (NYSE:UNM) Ratings Coverage

Among 16 analysts covering Unum Group (NYSE:UNM), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Unum Group had 40 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse initiated the stock with “Neutral” rating in Friday, October 7 report. SunTrust maintained Unum Group (NYSE:UNM) rating on Thursday, October 26. SunTrust has “Buy” rating and $62.0 target. Deutsche Bank maintained Unum Group (NYSE:UNM) on Friday, July 31 with “Hold” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, April 28. Citigroup downgraded the stock to “Neutral” rating in Monday, March 13 report. The stock of Unum Group (NYSE:UNM) earned “Neutral” rating by Compass Point on Monday, November 28. FBR Capital upgraded Unum Group (NYSE:UNM) rating on Monday, February 12. FBR Capital has “Buy” rating and $58.0 target. The stock of Unum Group (NYSE:UNM) earned “Hold” rating by RBC Capital Markets on Monday, October 9. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 5 report. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets.

More notable recent Unum Group (NYSE:UNM) news were published by: Nasdaq.com which released: “Unum Group Breaks Below 200-Day Moving Average – Notable for UNM” on March 01, 2018, also Businesswire.com with their article: “Unum elects Susan D. DeVore to board of directors” published on February 26, 2018, Benzinga.com published: “B. Riley FBR Upgrades Unum Group On Solid Macro Backdrop, Valuation” on February 13, 2018. More interesting news about Unum Group (NYSE:UNM) were released by: Businesswire.com and their article: “Unum names Puneet Bhasin chief information and digital officer” published on February 27, 2018 as well as Businesswire.com‘s news article titled: “Unum, DMEC offer education forums for employers, industry professionals” with publication date: March 13, 2018.

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