United Fire Group, Inc. (NASDAQ:UFCS) VP Neal R. Scharmer sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NASDAQ UFCS opened at $53.66 on Friday. United Fire Group, Inc. has a 12 month low of $38.95 and a 12 month high of $61.56. The stock has a market cap of $1.35 billion, a PE ratio of 47.70 and a beta of 0.49.
United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 8th. The insurance provider reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.24). United Fire Group had a return on equity of 3.04% and a net margin of 6.93%. The business had revenue of $274.10 million for the quarter.
Several brokerages have recently commented on UFCS. BidaskClub raised United Fire Group from a “hold” rating to a “buy” rating in a report on Friday, July 27th. ValuEngine raised United Fire Group from a “hold” rating to a “buy” rating in a report on Thursday, July 26th.
A number of large investors have recently added to or reduced their stakes in UFCS. Millennium Management LLC lifted its position in United Fire Group by 990.3% in the 1st quarter. Millennium Management LLC now owns 197,929 shares of the insurance provider’s stock worth $9,473,000 after buying an additional 179,775 shares during the last quarter. Burgundy Asset Management Ltd. bought a new stake in United Fire Group in the 2nd quarter worth approximately $8,888,000. Victory Capital Management Inc. lifted its position in United Fire Group by 72.0% in the 3rd quarter. Victory Capital Management Inc. now owns 261,490 shares of the insurance provider’s stock worth $13,276,000 after buying an additional 109,420 shares during the last quarter. Systematic Financial Management LP lifted its position in United Fire Group by 7.1% in the 2nd quarter. Systematic Financial Management LP now owns 540,341 shares of the insurance provider’s stock worth $29,454,000 after buying an additional 35,919 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in United Fire Group in the 3rd quarter worth approximately $1,712,000. Institutional investors own 60.21% of the company’s stock.
United Fire Group Company Profile
United Fire Group, Inc, together with its subsidiaries, provides insurance protection for individuals and businesses in the United States. The company operates through two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products.
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