Unum Group (UNM) Files Form 4 Insider Selling : Thomas R Watjen Sells 40,000 Shares

Unum Group (UNM): Thomas R Watjen , director of Unum Group sold 40,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $34.16 per share for a total value of $1,366,376.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 3, 2016, Thomas R Watjen (director) sold 40,000 shares at $30.00 per share price.On Nov 16, 2015, E Michael Caulfield (director) sold 13,890 shares at $36.14 per share price.Also, On Aug 6, 2015, A S Macmillan (director) sold 6,318 shares at $35.53 per share price.On May 29, 2015, Thomas Kinser (director) sold 1,735 shares at $34.86 per share price.

Shares of Unum Group (UNM) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.29 points or -0.86% at $33.33 with 11,40,553 shares getting traded. Post opening the session at $33.29, the shares hit an intraday low of $33.05 and an intraday high of $33.56 and the price vacillated in this range throughout the day. The company has a market cap of $7,925 M and the number of outstanding shares has been calculated to be 23,77,58,780 shares. The 52-week high of Unum Group is $38.15 and the 52-week low is $23.99.

Unum Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Unum Group is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 39 from a previous price target of $38 .The Rating was issued on Apr 28, 2016.Unum Group is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $35 .The Rating was issued on Apr 28, 2016.

Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company’s 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 Company’s 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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