Short Interest Update on Unum Group (UNM)

Unum Group (UNM) : The short interest in Unum Group (UNM) has increased from 6,771,757 to 7,182,065 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,398,203 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 3.1% of the total shares in the hands of the public. The shorts in the stock have gone up by 410,308 shares, which is an increase of 6.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Unum Group (NYSE:UNM): The stock opened at $34.47 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.68 for the day. The stock traded down to $34.07 during the day, due to lack of any buying support eventually closed down at $34.16 with a loss of -0.81% for the day. The stock had closed at $34.44 on the previous day. The total traded volume was 1,832,445 shares.


In a related news, The director, of Unum Group, Watjen Thomas R had unloaded 40,000 shares at $33.24 per share in a transaction on August 1, 2016. The total value of transaction was $1,329,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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