Unum Group (UNM) Volatility At 1.53%, Should You Add A Position?

Unum Group (NYSE: UNM) is 4.71% higher on its value in year-to-date trading and has touched a low of $36.27 and a high of $52.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UNM stock was last observed hovering at around $47.27 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $47.35, the stock is 1.46% and 4.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.17% at the moment leaves the stock 1.81% off its SMA200. UNM registered 10.68% gain for a year compared to 6-month loss of -3.27%. The firm has a 50-day simple moving average (SMA 50) of $1.00.

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The stock witnessed a 4.48% gain in the last 1 month and extending the period to 3 months gives it a 8.53%, and is 0.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.62% over the month.

Unum Group (UNM) has around 10937 employees, a market worth around $9.24B and $12.39B in sales. Current P/E ratio is 7.29 and Fwd P/E is 5.41. Profit margin for the company is 10.36%. Distance from 52-week low is 30.55% and -9.20% from its 52-week high. The company has generated returns on investments over the last 12 months (9.84%).

Unum Group quarterly earnings per share for the current quarter are estimated at $1.99 with sales reaching $3.19B over the same period.The EPS is expected to grow by 6.20% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.

748 institutions hold shares in Unum Group (UNM), with institutional investors hold 89.57% of the company’s shares. The shares outstanding are 195.05M, and float is at 193.49M with Short Float at 1.80%. Institutions hold 88.77% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 23.14 million shares valued at $1.1 billion. The investor’s holdings represent 11.83% of the UNM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 20.56 million shares valued at $980.63 million to account for 10.51% of the shares outstanding. The other top investors are FMR, LLC which holds 12.35 million shares representing 6.31% and valued at over $589.07 million, while Norges Bank Investment Management holds 5.31% of the shares totaling 10.39 million with a market value of $426.46 million.

Unum Group (UNM) Insider Activity

A total of 1 insider transactions have happened at Unum Group (UNM) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Bhasin Puneet, the company’s EVP, Chief Info & Digital Off. SEC filings show that Bhasin Puneet sold 8,188 shares of the company’s common stock on Nov 29 at a price of $42.39 per share for a total of $0.35 million. Following the sale, the insider now owns 54318.0 shares.

Unum Group disclosed in a document filed with the SEC on Aug 15 that Pyne Christopher W (EVP, Group Benefits) sold a total of 3,750 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $49.02 per share for $0.18 million. Following the transaction, the insider now directly holds 46334.0 shares of the UNM stock.

Still, SEC filings show that on Aug 03, Arnold Timothy Gerald (EVP, VB & President, Colonial) disposed off 20,000 shares at an average price of $50.00 for $1.0 million. The insider now directly holds 72,061 shares of Unum Group (UNM).

Unum Group (UNM): Who are the competitors?

One of the company’s main competitors (and peers) include Chubb Ltd. (CB) that is trading 13.81% up over the past 12 months.Prudential Financial Inc. (PRU) lies in the list of competitors of the Unum Group and is 5.42% higher over the same period from UNMMetLife Inc. (MET) is -6.51% down on the 1-year trading charts.