Is Buying Unum Group (NYSE:UNM), Having Higher Short Interest a Winning Strategy?

March 14, 2018 - By Michael Collier

 Is Buying Unum Group (NYSE:UNM), Having Higher Short Interest a Winning Strategy?

Investors sentiment increased to 0.85 in 2017 Q3. 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.
Rampart Mgmt Communications Lc reported 0.05% stake. Comerica Bancshares has invested 0.02% in Unum Group (NYSE:UNM). Old Bankshares In, a Indiana-based fund reported 9,356 shares. Magnetar Financial Limited stated it has 6,154 shares or 0.01% of all its holdings. Pitcairn Company stated it has 16,178 shares. Exxonmobil Investment Tx stated it has 0.05% of its portfolio in Unum Group (NYSE:UNM). Northern has invested 0.04% of its portfolio in Unum Group (NYSE:UNM). 5,720 were reported by Contravisory Investment Management. Auxier Asset Mgmt stated it has 78,239 shares or 0.81% of all its holdings. Montecito National Bank & Trust reported 7,082 shares. Moreover, Usa Portformulas has 0.12% invested in Unum Group (NYSE:UNM). Fisher Asset Management Limited Company holds 0.01% of its portfolio in Unum Group (NYSE:UNM) for 167,578 shares. Washington Cap Inc accumulated 64,500 shares. Old Mutual Customised Solutions (Proprietary) Limited reported 3,460 shares. Sun Life Financial reported 1,660 shares stake.

Since December 14, 2017, it had 0 insider purchases, and 6 sales for $1.52 million activity. Another trade for 8,459 shares valued at $463,807 was sold by IGLESIAS LISA G. Jerome Christopher J sold 7,806 shares worth $397,325. Another trade for 1,435 shares valued at $75,134 was sold by Waxenberg Daniel Jason. 5,000 shares valued at $260,450 were sold by Simonds Michael Q on Monday, February 5. 1,000 shares were sold by Arnold Timothy Gerald, worth $55,070 on Thursday, December 14.

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 3.01 million shares, reported previously. With 1.86 million 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. The firm has “Hold” rating given on Monday, October 9 by RBC Capital Markets. Keefe Bruyette & Woods maintained Unum Group (NYSE:UNM) on Thursday, December 21 with “Hold” rating. The company was initiated on Thursday, January 26 by Citigroup. The stock has “Hold” rating by Wells Fargo on Thursday, July 27. The firm earned “Hold” rating on Monday, July 10 by RBC Capital Markets. The stock of Unum Group (NYSE:UNM) earned “Market Perform” rating by Wells Fargo on Friday, September 23. On Thursday, October 26 the stock rating was maintained by SunTrust with “Buy”. Goldman Sachs downgraded the shares of UNM in report on Friday, July 15 to “Sell” rating. B. Riley & Co upgraded Unum Group (NYSE:UNM) on Tuesday, February 13 to “Buy” rating. As per Monday, November 6, the company rating was upgraded by B. Riley & Co.

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

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