UNM Price Prediction Next Week
Analysis and Insights
News and Recent Developments:
Unum Group (UNM) has shown positive momentum recently, with a 11.11% gain following a $3.4 billion long-term care reinsurance transaction with Fortitude Re. Additionally, Raymond James upgraded UNM to Strong Buy with a $108 price target, reflecting optimism about the company's outlook.
Technical Indicators:
- RSI: UNM's RSI is at 51.29 (6-period), 54.97 (12-period), and 55.40 (14-period), indicating a neutral position without overbought or oversold signals.
- MACD: The MACD line is above the signal line (1.34 vs. 0.25), suggesting bullish momentum.
- SMA: The stock is trading near its 20-day SMA ($77.14) but below the 50-day SMA ($75.06), indicating potential for a breakout if it crosses above the 50-day SMA.
Fibonacci Levels:
- Pivot Point: $79.16
- Resistance Levels: $82.82 (R1), $85.08 (R2)
- Support Levels: $75.50 (S1), $73.24 (S2)
Current Price Action:
UNM is currently trading at $78.11, near the lower end of its resistance range. The stock is approaching its 20-day SMA, which could act as a support level.
Prediction and Recommendation:
Based on the bullish analyst upgrade and positive news, UNM is expected to reach $82.50 in the next trading week. The technical indicators and news sentiment suggest a buy recommendation.
UNM Similar Chart Price Prediction
The price of UNM is predicted to go up 3.45%, based on the high correlation periods with NXGL. The similarity of these two price pattern on the periods is 94.55%.
UNM
NXGL
Up: 3.45%Similarity: 94.55%
UNM Revenue Forecast
UNM EPS Forecast
UNM FAQs
What is UNM revenue forecast for next quarter？
What is UNM eps forecast for next quarter？
UNM Analyst's Forecast
Wilma Burdis
Raymond James
Hold → Strong Buy
2025-03-05
Price Target
$108
Upside
+32.91%
Raymond James analyst Wilma Burdis double upgraded Unum Group to Strong Buy from Market Perform with a $108 price target after meeting with management. The firm likes Unum 's "attractive group" insurance businesses and expects the shares to re-rate on "continued de-risking" of its long-term care insurance block. The company's attractive long-term targets include 4%-7% core annual premium growth and 8%-10% annual earnings growth, the analyst tells investors in a research note. Raymond James believes Unum's "solid" premium growth is supported by customer acquisition, wage inflation, and 90% persistency.
Jack Matten
BMO Capital
Buy
2025-03-03
Price Target
$95 → $102
Upside
+25.32%
Elyse Greenspan
Wells Fargo
Buy
2025-02-19
Price Target
$81 → $91
Upside
+21.43%
