Watch for Continued Gains in Shares of Unum Group (UNM)

Shares of Unum Group (NYSE:UNM) traded today at $35.18, eclipsing its 12-month high. This new high was reached on below average trading volume as 495,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.

Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers a complementary portfolio of other insurance products, including long-term care insurance, life insurance, and employer- and employee-paid group benefits. It has the following operating business segments: Unum US, Unum International, and Colonial Life. The majority of the revenue is earned from the Unum US segment. The firm markets its products primarily through brokers.

Unum Group defies analysts with a current price ($35.08) 9.5% above its average consensus price target of $31.76.

In the past 12 months, shares of Unum Group have traded between a low of $22.25 and a high of $35.18 and are now at $35.08, which is 58% above that low price.

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