Vanguard Group Inc. Cuts Holdings in United Fire Group, Inc (UFCS)

Vanguard Group Inc. reduced its position in shares of United Fire Group, Inc (NASDAQ:UFCS) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,865,616 shares of the insurance provider’s stock after selling 2,308 shares during the period. Vanguard Group Inc. owned 7.33% of United Fire Group worth $82,199,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UFCS. BlackRock Inc. increased its stake in United Fire Group by 42,903.1% during the 1st quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock worth $102,887,000 after buying an additional 2,399,998 shares in the last quarter. Marshall Wace North America L.P. increased its stake in United Fire Group by 462.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 68,407 shares of the insurance provider’s stock worth $3,010,000 after buying an additional 56,235 shares in the last quarter. Bank of America Corp DE increased its stake in United Fire Group by 40.1% during the 1st quarter. Bank of America Corp DE now owns 109,134 shares of the insurance provider’s stock worth $4,668,000 after buying an additional 31,231 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in United Fire Group during the 2nd quarter worth approximately $1,352,000. Finally, State Street Corp increased its stake in United Fire Group by 5.2% during the 1st quarter. State Street Corp now owns 502,290 shares of the insurance provider’s stock worth $21,485,000 after buying an additional 24,742 shares in the last quarter. Institutional investors own 58.25% of the company’s stock.

Several equities research analysts have commented on the company. BidaskClub lowered United Fire Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Sandler O’Neill upgraded United Fire Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $47.00 in a research note on Friday, September 22nd.

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Shares of United Fire Group, Inc (NASDAQ:UFCS) opened at 48.39 on Monday. United Fire Group, Inc has a 52-week low of $37.54 and a 52-week high of $50.75. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.57 and a beta of 0.75. The stock has a 50 day moving average price of $45.16 and a 200-day moving average price of $43.88.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. The company had revenue of $284.30 million for the quarter. On average, equities research analysts predict that United Fire Group, Inc will post $1.60 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for United Fire Group (NASDAQ:UFCS)

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