Quantamental Technologies LLC Acquires Shares of 910 United Fire Group, Inc. (UFCS)

Quantamental Technologies LLC bought a new position in shares of United Fire Group, Inc. (NASDAQ:UFCS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 910 shares of the insurance provider’s stock, valued at approximately $50,000.

A number of other hedge funds also recently made changes to their positions in UFCS. Victory Capital Management Inc. boosted its stake in United Fire Group by 72.0% during the third 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 period. Vanguard Group Inc boosted its stake in United Fire Group by 2.6% during the third quarter. Vanguard Group Inc now owns 2,085,827 shares of the insurance provider’s stock worth $105,898,000 after buying an additional 52,013 shares during the period. Vanguard Group Inc. boosted its stake in United Fire Group by 2.6% during the third quarter. Vanguard Group Inc. now owns 2,085,827 shares of the insurance provider’s stock worth $105,898,000 after buying an additional 52,013 shares during the period. Advisory Research Inc. boosted its stake in United Fire Group by 17.5% during the third quarter. Advisory Research Inc. now owns 324,795 shares of the insurance provider’s stock worth $16,490,000 after buying an additional 48,345 shares during the period. Finally, Morgan Stanley boosted its stake in United Fire Group by 86.7% during the third quarter. Morgan Stanley now owns 102,762 shares of the insurance provider’s stock worth $5,216,000 after buying an additional 47,728 shares during the period. 62.71% of the stock is owned by institutional investors.

Shares of UFCS stock opened at $53.80 on Monday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 28.92 and a beta of 0.11. United Fire Group, Inc. has a 1-year low of $38.95 and a 1-year high of $61.56.

In other news, VP David E. Conner sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $55.00, for a total value of $82,500.00. Following the completion of the transaction, the vice president now owns 10,836 shares of the company’s stock, valued at $595,980. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Barrie W. Ernst sold 9,580 shares of the firm’s stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $55.00, for a total transaction of $526,900.00. Following the completion of the transaction, the vice president now directly owns 17,010 shares of the company’s stock, valued at approximately $935,550. The disclosure for this sale can be found here. In the last three months, insiders sold 18,222 shares of company stock valued at $1,002,210. Insiders own 6.24% of the company’s stock.

UFCS has been the subject of several research analyst reports. BidaskClub raised shares of United Fire Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 13th. ValuEngine raised shares of United Fire Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd.

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

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