Unum Group ($UNM) Stock Forecast: Down 5.3% Today

What is Unum Group?

Unum Group (UNM) is a financial protection company specializing in insurance products, such as long-term care and disability insurance. The stock experienced significant bearish movement recently.

Why is Unum Group going down?

UNM stock is down 5.3% on Mar 4, 2025 16:56

• UNM made a strategic choice to reinsure its long-term care reserves and transfer some individual disability insurance business to Fortitude Re.
• This decision suggests UNM's aim to concentrate resources on more profitable core operations, which could result in short-term uncertainty and selling pressure on the stock.
• Investors are interpreting this strategy shift as a factor contributing to the bearish sentiment surrounding UNM, as they evaluate its potential impact on future earnings and growth prospects.

UNM Price Chart

UNM Technical Analysis

UNM News

Unum Group to Reinsure Long-Term Care Reserves With Fortitude Re

UNM reinsures long-term care reserves and cede multi-life individual disability insurance business to Fortitude Re to focus on higher-returning core businesses.

https://www.zacks.com/stock/news/2423734/unum-group-to-reinsure-long-term-care-reserves-with-fortitude-re

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Unum Group Price History

11.08.2024 - UNM Stock was down 1.9%

• There has been a substantial surge in short interest for UNM, with 3.93 million shares sold short, accounting for 2.8% of all regular shares available for trading.
• The heightened short interest reflects a pessimistic outlook from traders, exerting downward pressure on the stock's value.
• It would take traders around 2.94 days to cover their short positions, indicating a high level of negative speculation surrounding UNM.
• The increase in short interest may stem from concerns regarding the company's performance or external market conditions impacting UNM's stock price adversely.

06.10.2024 - UNM Stock was up 8.7%

• UNM stock has demonstrated market outperformance over the last 5 years, with an impressive average annual return of 16.68%.
• The stock's strong performance can be linked to its steady growth and capacity to provide value to investors.
• Investor confidence in UNM's market position and growth potential appears to be driving the stock's bullish trend today.

01.10.2023 - UNM Stock was down 7.3%

• The bearish movement in UNM stock today could be attributed to the following factors:
• 1. Decline in Q3 Profit: The reported fall in Q3 profit might have negatively impacted investor sentiment, leading to a bearish movement in the stock.
• 2. Revenue Miss: Despite beating non-GAAP EPS estimates, UNM's revenue fell short of expectations. This could have contributed to the bearish market movement.
• 3. Share Repurchase Program: The announcement of a new share repurchase program, while potentially positive in the long term, may have raised concerns among investors about the company's financial position and allocation of capital.
• 4. Overall Market Sentiment: It's also important to consider the broader market conditions and sentiment, as external factors can influence the movement of individual stocks. If the overall market was experiencing a bearish trend, it could have further contributed to the decline in UNM stock.

02.10.2023 - UNM Stock was down 5.7%

• The bearish movement in UNM stock today can be attributed to the following factors:
• 1. Earnings Call Transcript: The Q3 2023 earnings call transcript suggests that investors may have been disappointed with the company's performance or outlook, leading to a sell-off in the stock.
• 2. Decreased Profit: The report of a fall in Q3 profit compared to the previous year could have negatively impacted investor sentiment and contributed to the bearish movement.
• 3. Missed Revenue Expectations: Unum Group's Q3 2023 revenue missed expectations by $20M. This could have raised concerns about the company's ability to generate sufficient revenue, leading to a decline in the stock price.
• 4. Mixed Earnings Results: While the non-GAAP EPS beat estimates by $0.03, the missed revenue and decreased profit may have overshadowed this positive aspect, causing investors to sell their shares.
• Overall, the bearish movement in UNM stock today can be attributed to disappointing earnings, decreased profit, and missed revenue expectations. These factors likely influenced investor sentiment and led to a decline in the stock price.

08.00.2025 - UNM Stock was down 2.0%

• UNM stock, which had a recent rally of 46% in the past 6 months, experienced a bearish movement.
• The bearish trend could be related to overall market sentiment influenced by a negative outlook on Apple (AAPL) by a top analyst.
• Investors might be reacting to broader market conditions and analyst downgrades, leading to a sell-off in UNM shares.
• Despite positive performance indicators of UNM, external factors such as analyst sentiment on other companies like Apple could have overshadowed the stock's recent successes.

29.00.2025 - UNM Stock was up 1.7%

• UNM stock exhibited significant bullish momentum.
• High expectations are in place for earnings growth in UNM.
• The positive outlook for earnings may have motivated investors to purchase UNM shares, influencing the bullish market trend.
• Optimism among investors regarding UNM's future performance is bolstering the upward trajectory of the stock price.

04.02.2025 - UNM Stock was down 5.3%

• UNM made a strategic choice to reinsure its long-term care reserves and transfer some individual disability insurance business to Fortitude Re.
• This decision suggests UNM's aim to concentrate resources on more profitable core operations, which could result in short-term uncertainty and selling pressure on the stock.
• Investors are interpreting this strategy shift as a factor contributing to the bearish sentiment surrounding UNM, as they evaluate its potential impact on future earnings and growth prospects.