Unum Group Can Burn Your Long Portfolio. Option Traders Are Bearish

 Unum Group Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Unum Group (UNM) recorded an unusually high (122) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious UNM decrease. With 122 contracts traded and 784 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: UNM161216P00035000 closed last at: $1.05 or 8.7% down. About 661,051 shares traded hands. Unum Group (NYSE:UNM) has risen 16.77% since April 4, 2016 and is uptrending. It has outperformed by 15.68% the S&P500.

Unum Group (NYSE:UNM) Ratings Coverage

Out of 7 analysts covering Unum Group (NYSE:UNM), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. $41 is the highest target while $30 is the lowest. The $36 average target is -0.96% below today’s ($36.35) stock price. Unum Group has been the topic of 14 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, July 31 by Deutsche Bank. The firm has “Outperform” rating given on Thursday, April 28 by RBC Capital Markets. RBC Capital Markets maintained the shares of UNM in a report on Thursday, July 30 with “Outperform” rating. RBC Capital Markets maintained Unum Group (NYSE:UNM) on Wednesday, February 3 with “Outperform” rating. The rating was initiated by Wells Fargo with “Market Perform” on Friday, September 23. The rating was downgraded by Bank of America to “Underperform” on Wednesday, June 29. The company was downgraded on Friday, July 15 by Goldman Sachs. The stock of Unum Group (NYSE:UNM) earned “Neutral” rating by Credit Suisse on Friday, October 7. Bank of America downgraded the shares of UNM in a report on Thursday, December 3 to “Neutral” rating.

According to Zacks Investment Research, “UnumProvident is the industry leader in disability income protection and one of the top providers of supplemental benefits in the nation. The company’s subsidiaries offer comprehensive insurance solutions to help protect against the financial effects of accident, illness or death. Below are the countries in which we operate, and the companies that offer products in each country.”

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.06, from 1.19 in 2016Q1. The ratio turned negative, as 23 funds sold all Unum Group shares owned while 148 reduced positions. 56 funds bought stakes while 138 increased positions. They now own 215.33 million shares or 4.62% less from 225.76 million shares in 2016Q1.
Scout Investments has invested 0.15% of its portfolio in Unum Group (NYSE:UNM). New York State Common Retirement Fund accumulated 0.04% or 893,560 shares. Credit Agricole S A holds 165,127 shares or 0.02% of its portfolio. Bnp Paribas Invest Prns holds 0.12% of its portfolio in Unum Group (NYSE:UNM) for 461,513 shares. Westpac Corp last reported 56,678 shares in the company. Barometer Capital Inc has 15,100 shares for 0.05% of their US portfolio. Zweig last reported 0.04% of its portfolio in the stock. White Pine Investment last reported 1.54% of its portfolio in the stock. Citigroup accumulated 0% or 61,481 shares. Moreover, Prudential has 0.05% invested in Unum Group (NYSE:UNM) for 917,625 shares. Oppenheimer & Incorporated last reported 0.05% of its portfolio in the stock. Cornerstone Cap Mngmt Ltd, a New York-based fund reported 85,011 shares. Td Asset Management has invested 0.01% of its portfolio in Unum Group (NYSE:UNM). Kanaly Trust holds 0% or 764 shares in its portfolio. Mutual Of America Capital Limited Liability Corp holds 0.02% or 27,923 shares in its portfolio.

Insider Transactions: Since May 6, 2016, the stock had 0 insider purchases, and 2 sales for $1.39 million net activity. Arnold Timothy Gerald sold 1,600 shares worth $59,179. 40,000 shares were sold by WATJEN THOMAS R, worth $1.33 million. $10,951 worth of Unum Group (NYSE:UNM) was sold by MacMillan A S.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $8.43 billion. The Firm provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. It has a 9.54 P/E ratio. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

UNM Company Profile

Unum Group, incorporated on March 22, 1995, is a well-known provider of disability insurance products in the United States and the United Kingdom. The Firm also provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

More news for Unum Group (NYSE:UNM) were recently published by: Businesswire.com, which released: “Unum Group Reports Third Quarter 2016 Results” on October 26, 2016. Nasdaq.com‘s article titled: “Unum Group (UNM) Q3 Earnings Beat Estimates, View Intact” and published on October 27, 2016 is yet another important article.

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