What’s in Unum Group (NYSE:UNM) After Rise in Shorted Shares?

March 14, 2018 - By Maria Brooks

 What’s in Unum Group (NYSE:UNM) After Rise in Shorted Shares?

Investors sentiment increased to 0.85 in Q3 2017. Its up 0.01, from 0.84 in 2017Q2. It is positive, 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.
Texas Permanent School Fund owns 62,544 shares for 0.04% of their portfolio. Spears Abacus Advsr Ltd Liability accumulated 9,113 shares. Moreover, Baldwin Brothers Inc Ma has 0% invested in Unum Group (NYSE:UNM). Auxier Asset holds 78,239 shares or 0.81% of its portfolio. Rockefeller holds 0% of its portfolio in Unum Group (NYSE:UNM) for 725 shares. Atwood Palmer invested in 127,137 shares. Washington Cap Management holds 3.5% of its portfolio in Unum Group (NYSE:UNM) for 64,500 shares. Hancock invested in 0.11% or 50,128 shares. Creative Planning reported 12,455 shares stake. First Citizens Bancorp And Tru Company has 8,848 shares. Eagle Asset Mngmt accumulated 57,275 shares. Ifrah Financial Services holds 0.12% or 6,400 shares. National Bank Of America De invested 0.01% in Unum Group (NYSE:UNM). Morgan Stanley reported 598,096 shares. Quantitative Invest Mgmt Limited Liability Co reported 28,800 shares.

Since December 14, 2017, it had 0 buys, and 6 insider sales for $1.52 million activity. Waxenberg Daniel Jason sold $75,134 worth of stock. 5,000 shares were sold by Simonds Michael Q, worth $260,450. McGarry John F sold $266,976 worth of stock. Shares for $397,325 were sold by Jerome Christopher J. The insider IGLESIAS LISA G sold 8,459 shares worth $463,807.

The stock of Unum Group (NYSE:UNM) registered an increase of 72.03% in short interest. UNM’s total short interest was 5.17 million 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. As per Thursday, January 26, the company rating was initiated by Citigroup. The firm has “Hold” rating given on Friday, July 31 by Deutsche Bank. SunTrust maintained it with “Buy” rating and $69.0 target in Thursday, January 11 report. The firm has “Sector Perform” rating given on Friday, December 9 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, October 26 by SunTrust. The stock of Unum Group (NYSE:UNM) has “Neutral” rating given on Monday, November 6 by B. Riley & Co. The stock of Unum Group (NYSE:UNM) earned “Buy” rating by B. Riley & Co on Tuesday, February 13. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 10. The stock of Unum Group (NYSE:UNM) has “Outperform” rating given on Wednesday, February 3 by RBC Capital Markets. The stock has “Neutral” rating by Compass Point on Monday, November 28.

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

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