The stock of Unum Group (NYSE:UNM) hit a new 52-week high and has $60.88 target or 54.00% above today’s $39.53 share price. The 7 months bullish chart indicates low risk for the $9.18B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $60.88 price target is reached, the company will be worth $4.96B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.63 million shares traded hands. Unum Group (NYSE:UNM) has risen 21.03% since April 7, 2016 and is uptrending. It has outperformed by 16.25% 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. Unum Group has been the topic of 14 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the shares of UNM in a report on Friday, July 15 to “Sell” rating. The firm earned “Underperform” rating on Wednesday, June 29 by Bank of America. The rating was maintained by Deutsche Bank on Friday, July 31 with “Hold”. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Market Perform” rating given on Friday, September 23 by Wells Fargo. The firm earned “Outperform” rating on Thursday, April 28 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, February 3 with “Outperform”. The rating was downgraded by Bank of America on Thursday, December 3 to “Neutral”. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse.
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 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio fall, 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.
Jacobs Levy Equity Mngmt owns 84,830 shares or 0.06% of their US portfolio. Tarbox Grp Inc Inc holds 0% or 40 shares in its portfolio. Parkside Savings Bank And last reported 0% of its portfolio in the stock. Sentinel Trust Com Lba last reported 200,517 shares in the company. Synovus Financial Corporation, a Georgia-based fund reported 90 shares. Ing Groep Nv accumulated 8,378 shares or 0% of the stock. American Group Inc Inc has 0% invested in the company for 87,627 shares. Ontario Teachers Pension Plan Board holds 121,459 shares or 0.04% of its portfolio. Pitcairn last reported 8,773 shares in the company. D E Shaw Communications Incorporated has 54,703 shares for 0% of their US portfolio. Cornerstone Inv Prns accumulated 0.05% or 47,087 shares. Nordea holds 0.12% of its portfolio in Unum Group (NYSE:UNM) for 1.27 million shares. Denali Advsrs reported 40,800 shares or 0.22% of all its holdings. Adage Cap Grp Inc Ltd Company holds 0.03% or 355,869 shares in its portfolio. Calamos Advsr Ltd Liability Corp owns 9,790 shares or 0% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.39 million net activity. On Tuesday, May 31 Arnold Timothy Gerald sold $59,179 worth of the stock or 1,600 shares. On Monday, August 1 WATJEN THOMAS R sold $1.33M worth of the stock or 40,000 shares.
More recent Unum Group (NYSE:UNM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Unum Group, Tanger Factory Outlet Centers and Education …” on October 25, 2016. Also Zacks.com published the news titled: “Unum Group (UNM) Q3 Earnings Beat Estimates, View Intact” on October 27, 2016. Businesswire.com‘s news article titled: “Unum Group Reports Third Quarter 2016 Results” with publication date: October 26, 2016 was also an interesting one.
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.
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