United Fire Group, Inc. (NASDAQ:UFCS) VP Neal R. Scharmer sold 1,824 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $49.70, for a total transaction of $90,652.80. Following the sale, the vice president now directly owns 17,471 shares in the company, valued at approximately $868,308.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:UFCS opened at $49.90 on Monday. United Fire Group, Inc. has a 1-year low of $40.86 and a 1-year high of $61.56. The firm has a fifty day moving average price of $47.81. The company has a market capitalization of $1.26 billion, a PE ratio of 86.03 and a beta of -0.09.
United Fire Group (NASDAQ:UFCS) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.38. United Fire Group had a net margin of 2.35% and a return on equity of 1.63%. The firm had revenue of $332.25 million during the quarter.
A number of research firms have issued reports on UFCS. BidaskClub downgraded shares of United Fire Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. TheStreet upgraded shares of United Fire Group from a “c+” rating to a “b-” rating in a report on Wednesday, June 5th.
Institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund bought a new stake in shares of United Fire Group during the fourth quarter worth about $449,000. Barclays PLC lifted its stake in United Fire Group by 15.2% during the 4th quarter. Barclays PLC now owns 27,760 shares of the insurance provider’s stock valued at $1,540,000 after acquiring an additional 3,662 shares in the last quarter. BlackRock Inc. raised its stake in shares of United Fire Group by 23.1% during the 4th quarter. BlackRock Inc. now owns 2,949,540 shares of the insurance provider’s stock worth $163,553,000 after purchasing an additional 554,131 shares during the period. Principal Financial Group Inc. increased its holdings in United Fire Group by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 179,642 shares of the insurance provider’s stock worth $9,961,000 after acquiring an additional 3,289 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in United Fire Group by 50.5% during the 4th quarter. Bessemer Group Inc. now owns 31,000 shares of the insurance provider’s stock valued at $1,719,000 after buying an additional 10,400 shares in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.
United Fire Group Company Profile
United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.
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