Unum Group (NYSE: UNM) is 20.04% higher on its value in year-to-date trading and has touched a low of $38.34 and a high of $54.56 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 $54.10 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $54.28, the stock is 4.09% and 9.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.33% at the moment leaves the stock 13.79% off its SMA200. UNM registered 37.21% gain for a year compared to 6-month gain of 10.57%. The firm has a 50-day simple moving average (SMA 50) of $1.11.
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The stock witnessed a 9.37% loss in the last 1 month and extending the period to 3 months gives it a 18.77%, and is 2.13% 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 1.04% over the week and 1.50% over the month.
Unum Group (UNM) has around 10812 employees, a market worth around $10.40B and $12.40B in sales. Current P/E ratio is 8.36 and Fwd P/E is 6.18. Profit margin for the company is 10.35%. Distance from 52-week low is 41.58% and -0.50% from its 52-week high. The company has generated returns on investments over the last 12 months (9.78%).
Unum Group quarterly earnings per share for the current quarter are estimated at $1.98 with sales reaching $3.21B over the same period.The EPS is expected to grow by 6.49% this year, but quarterly earnings will post 4.70% year-over-year. Quarterly sales are estimated to grow 5.00% in year-over-year returns.
744 institutions hold shares in Unum Group (UNM), with institutional investors hold 90.90% of the company’s shares. The shares outstanding are 193.37M, and float is at 189.42M with Short Float at 2.37%. Institutions hold 90.08% 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
The most recent transaction is an insider sale by Zabel Steven Andrew, the company’s EVP, Chief Financial Officer. SEC filings show that Zabel Steven Andrew sold 10,000 shares of the company’s common stock on Mar 13 ’24 at a price of $51.06 per share for a total of $0.51 million. Following the sale, the insider now owns 0.12 million shares.
Unum Group disclosed in a document filed with the SEC on Mar 05 ’24 that IGLESIAS LISA G (EVP, General Counsel) sold a total of 16,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $50.00 per share for $0.8 million. Following the transaction, the insider now directly holds 40840.0 shares of the UNM stock.
Still, SEC filings show that on Mar 01 ’24, McKenney Richard P (President and CEO) disposed off 50,000 shares at an average price of $49.15 for $2.46 million. The insider now directly holds 1,076,753 shares of Unum Group (UNM).
