Vanguard Group Inc. Has $54.95 Million Stock Holdings in United Fire Group, Inc $UFCS

Vanguard Group Inc. increased its holdings in shares of United Fire Group, Inc (NASDAQ:UFCSFree Report) by 2.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,511,541 shares of the insurance provider’s stock after acquiring an additional 35,338 shares during the quarter. Vanguard Group Inc. owned about 0.06% of United Fire Group worth $54,945,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UFCS. Allianz Asset Management GmbH acquired a new stake in United Fire Group during the 3rd quarter worth approximately $5,940,000. Invesco Ltd. boosted its position in United Fire Group by 108.8% during the 2nd quarter. Invesco Ltd. now owns 347,008 shares of the insurance provider’s stock worth $9,959,000 after buying an additional 180,836 shares during the period. AQR Capital Management LLC boosted its position in United Fire Group by 59.5% during the 2nd quarter. AQR Capital Management LLC now owns 301,076 shares of the insurance provider’s stock worth $8,641,000 after buying an additional 112,318 shares during the period. UBS Group AG boosted its position in United Fire Group by 79.4% during the 3rd quarter. UBS Group AG now owns 211,339 shares of the insurance provider’s stock worth $6,429,000 after buying an additional 93,525 shares during the period. Finally, Royce & Associates LP acquired a new stake in United Fire Group during the 3rd quarter worth approximately $2,134,000. 62.68% of the stock is currently owned by institutional investors and hedge funds.

United Fire Group Stock Down 2.1%

Shares of NASDAQ UFCS opened at $48.06 on Friday. The company has a market capitalization of $1.23 billion, a P/E ratio of 9.69 and a beta of 0.50. United Fire Group, Inc has a 52-week low of $25.79 and a 52-week high of $49.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.34 and a current ratio of 0.34. The company’s 50 day moving average price is $39.78 and its 200-day moving average price is $37.44.

United Fire Group (NASDAQ:UFCSGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.29. The firm had revenue of $369.44 million for the quarter, compared to the consensus estimate of $340.16 million. United Fire Group had a net margin of 9.16% and a return on equity of 14.65%. Equities analysts forecast that United Fire Group, Inc will post 4.88 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Christopher R. Drahozal sold 4,250 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $38.49, for a total value of $163,582.50. Following the transaction, the director owned 429,113 shares in the company, valued at approximately $16,516,559.37. The trade was a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dee Ann Mcintyre sold 4,250 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $38.84, for a total transaction of $165,070.00. Following the completion of the transaction, the insider owned 437,613 shares in the company, valued at $16,996,888.92. This trade represents a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,750 shares of company stock worth $493,723 in the last 90 days. Corporate insiders own 6.06% of the company’s stock.

Analyst Upgrades and Downgrades

UFCS has been the topic of several recent research reports. Wall Street Zen upgraded shares of United Fire Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JonesTrading lifted their target price on shares of United Fire Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of United Fire Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of United Fire Group in a research report on Wednesday. Finally, Piper Sandler lifted their target price on shares of United Fire Group from $45.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $51.00.

Get Our Latest Research Report on UFCS

United Fire Group Company Profile

(Free Report)

United Fire Group, Inc (NASDAQ: UFCS) is an insurance holding company based in Cedar Rapids, Iowa, that specializes in property and casualty coverage for commercial and personal lines. The company underwrites business through three primary segments: commercial, personal and specialty insurance. Within the commercial segment, United Fire Group offers tailored policies for small- and medium-sized enterprises, including general liability, commercial property and workers’ compensation. Its personal lines cover homeowners, auto, farm and umbrella policies.

United Fire Group distributes its products primarily through a national network of independent insurance agents and brokers.

See Also

Want to see what other hedge funds are holding UFCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Fire Group, Inc (NASDAQ:UFCSFree Report).

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

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