Short Interest Alert: After Reaching Milestone, Is Unum Group (NYSE:UNM)’s Short Interest Revealing Something?

November 18, 2016 - By Vivian Park   ·   0 Comments

Short Interest Alert: After Reaching Milestone, Is Unum Group (NYSE:UNM)’s Short Interest Revealing Something?

The stock of Unum Group (NYSE:UNM) registered an increase of 7.24% in short interest. UNM’s total short interest was 8.81M shares in November as published by FINRA. Its up 7.24% from 8.22M shares, reported previously. With 1.53M shares average volume, it will take short sellers 6 days to cover their UNM’s short positions. The short interest to Unum Group’s float is 3.77%. About 696,250 shares traded hands. Unum Group (NYSE:UNM) has risen 30.09% since April 18, 2016 and is uptrending. It has outperformed by 25.66% the S&P500.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The company has a market cap of $10.10 billion. The Firm provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. It has a 11.13 P/E ratio. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.32, from 1.13 in 2016Q1. The ratio fall, as 23 funds sold all Unum Group shares owned while 148 reduced positions. 56 funds bought stakes while 138 increased positions. They now own 215.33 million shares or 4.62% less from 225.76 million shares in 2016Q1.
First Trust Advsrs Ltd Partnership last reported 0.06% of its portfolio in the stock. Quantbot Techs Ltd Partnership holds 89,512 shares or 0.3% of its portfolio. Counsel Svcs Inc accumulated 0.55% or 173,663 shares. Blackrock Gp Limited, a United Kingdom-based fund reported 2.45M shares. M&T Bank Corp accumulated 15,075 shares or 0% of the stock. Winton Cap Gp Ltd reported 909,949 shares or 0.48% of all its holdings. State Treasurer State Of Michigan last reported 82,609 shares in the company. Moreover, Sumitomo Mitsui Trust Holding has 0.04% invested in Unum Group (NYSE:UNM) for 690,475 shares. Salient Capital Advsrs Ltd Liability Corporation owns 11,000 shares or 0.01% of their US portfolio. Atria Investments Limited Liability, a North Carolina-based fund reported 6,740 shares. Burney, a Virginia-based fund reported 102,904 shares. First Eagle Investment Mngmt Ltd Liability accumulated 60,000 shares or 0% of the stock. First Interstate Bankshares reported 25,630 shares or 0.17% of all its holdings. Federated Investors Pa accumulated 4,685 shares or 0% of the stock. Bancorporation Of Hawaii last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 4 sales for $2.42 million net activity. The insider Jerome Christopher J sold 8,000 shares worth $331,930. Shares for $698,681 were sold by McGarry John F on Tuesday, November 15. WATJEN THOMAS R sold $1.33 million worth of stock. Arnold Timothy Gerald sold $59,179 worth of stock.

Unum Group (NYSE:UNM) Ratings Coverage

Out of 7 analysts covering Unum Group (NYSE:UNM), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. Unum Group has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Bank of America downgraded the stock to “Neutral” rating in Thursday, December 3 report. On Friday, September 23 the stock rating was initiated by Wells Fargo with “Market Perform”. The rating was maintained by RBC Capital Markets on Thursday, April 28 with “Outperform”. Credit Suisse initiated the shares of UNM in a report on Friday, October 7 with “Neutral” rating. As per Friday, July 31, the company rating was maintained by Deutsche Bank. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 15. The stock of Unum Group (NYSE:UNM) earned “Outperform” rating by RBC Capital Markets on Wednesday, February 3. The company was downgraded on Wednesday, June 29 by Bank of America. The firm has “Sell” rating by Goldman Sachs given on Friday, July 15. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets.

UNM Company Profile

Unum Group, incorporated on March 22, 1995, is a well-known provider of disability insurance products in the United States and the United Kingdom. The Firm also provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. The Company’s divisions are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

More recent Unum Group (NYSE:UNM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Unum Group, Tanger Factory Outlet Centers and Education …” on October 25, 2016. Also Zacks.com published the news titled: “Unum Group (UNM) Q3 Earnings Beat Estimates, View Intact” on October 27, 2016. Nasdaq.com‘s news article titled: “Unum Group (UNM) Q3 Earnings: Is a Beat in the Cards?” with publication date: October 24, 2016 was also an interesting one.

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By Vivian Park


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