Unum Group (UNM) has risen sharply, recording gains of 3.33% in the past 4 weeks. However, the stock has corrected -2.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 1.35%. Unum Group (NYSE:UNM): On Fridays trading session , Opening price of the stock was $33.51 with an intraday high of $33.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.25. However, the stock managed to close at $33.48, a loss of 0.98% for the day. On the previous day, the stock had closed at $33.81. The total traded volume of the day was 1,091,614 shares.
The company Insiders own 0.62% of Unum Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.58% . Institutional Investors own 96.56% of Unum Group shares. During last six month period, the net percent change held by insiders has seen a change of -35.87%. Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Unum Group (NYSE:UNM). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley raises the price target from $35 per share to $36 per share. The rating by the firm was issued on July 28, 2016.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Companys business segments: Unum US, Unum UK, Colonial Life, Closed Block and Corporate. Unum US includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. Unum UK includes insurance for group long-term disability, group life and lines of business, which include individual disability and critical illness products. Colonial Life includes insurance for accident, sickness, and disability products, life products, and cancer and critical illness products to employees. The Companys Closed Block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. Its Corporate segment includes investment income on corporate assets not specifically allocated to a line of business.