Unum Group (UNM): Price Target and June Short Interest Disclosure

Unum Group (UNM) : Average target price received by Unum Group (UNM) is $36.33 with an expected standard deviation of $3.5. The most aggressive target on the stock is $41, whereas the most downbeat target is $31. 9 financial analysts are currently covering the stock.

Unum Group (UNM), A reduction of 645,869 shares or 9.5% was observed in the short interest of Unum Group The interest on June 30,2016 came in at 6,188,621 shares and as per the average daily trading of 2,296,534 shares, the days to cover are 3. The reduced interest is 2.6% of the floated shares. The data of June 15,2016 put the interest at 6,834,490 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Unum Group (NYSE:UNM). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $33 per share from a prior target of $35. The rating by the firm was issued on July 7, 2016.


Unum Group (NYSE:UNM): stock turned positive on Thursday. Though the stock opened at $32.71, the bulls momentum made the stock top out at $32.98 level for the day. The stock recorded a low of $32.56 and closed the trading day at $32.75, in the green by 2.70%. The total traded volume for the day was 2,077,811. The stock had closed at $31.89 in the previous days trading.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Companys business segments: Unum US, Unum UK, Colonial Life, Closed Block and Corporate. Unum US includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. Unum UK includes insurance for group long-term disability, group life and lines of business, which include individual disability and critical illness products. Colonial Life includes insurance for accident, sickness, and disability products, life products, and cancer and critical illness products to employees. The Companys Closed Block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. Its Corporate segment includes investment income on corporate assets not specifically allocated to a line of business.

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