United Fire Group, Inc. (NASDAQ:UFCS) VP Barrie W. Ernst sold 7,114 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $47.43, for a total transaction of $337,417.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of United Fire Group, Inc. (UFCS) traded up $0.41 during midday trading on Monday, hitting $48.16. 114,693 shares of the stock traded hands, compared to its average volume of 96,767. United Fire Group, Inc. has a one year low of $38.95 and a one year high of $49.74. The stock has a market cap of $1,189.56, a PE ratio of 24.01 and a beta of 0.55.
United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.41. United Fire Group had a net margin of 4.58% and a return on equity of 2.42%. The firm had revenue of $272.70 million during the quarter. During the same period last year, the company posted $0.46 earnings per share.
A number of institutional investors have recently made changes to their positions in the stock. Earnest Partners LLC boosted its position in United Fire Group by 1.0% during the 4th quarter. Earnest Partners LLC now owns 1,412,421 shares of the insurance provider’s stock worth $64,378,000 after purchasing an additional 13,942 shares during the period. State Street Corp boosted its position in United Fire Group by 2.6% during the 2nd quarter. State Street Corp now owns 515,438 shares of the insurance provider’s stock worth $22,709,000 after purchasing an additional 13,148 shares during the period. Macquarie Group Ltd. boosted its position in United Fire Group by 5.4% during the 4th quarter. Macquarie Group Ltd. now owns 286,492 shares of the insurance provider’s stock worth $13,058,000 after purchasing an additional 14,688 shares during the period. Wells Fargo & Company MN boosted its position in United Fire Group by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 140,648 shares of the insurance provider’s stock worth $6,411,000 after purchasing an additional 3,751 shares during the period. Finally, Renaissance Technologies LLC boosted its position in United Fire Group by 7.4% during the 4th quarter. Renaissance Technologies LLC now owns 134,500 shares of the insurance provider’s stock worth $6,131,000 after purchasing an additional 9,300 shares during the period. 61.94% of the stock is owned by hedge funds and other institutional investors.
UFCS has been the subject of several research reports. BidaskClub cut shares of United Fire Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. ValuEngine cut shares of United Fire Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sidoti raised shares of United Fire Group from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.33.
United Fire Group Company Profile
United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. The Company operates in two segments: property and casualty insurance, and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.
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