Louisiana State Employees Retirement System reduced its stake in United Fire Group, Inc. (NASDAQ:UFCS) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,330 shares of the insurance provider’s stock after selling 570 shares during the period. Louisiana State Employees Retirement System’s holdings in United Fire Group were worth $321,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its stake in shares of United Fire Group by 1,571.4% during the 3rd quarter. CWM LLC now owns 2,340 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 2,200 shares during the period. First Trust Advisors LP purchased a new position in United Fire Group during the 3rd quarter valued at about $370,000. State of Tennessee Treasury Department grew its holdings in United Fire Group by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 9,412 shares of the insurance provider’s stock valued at $442,000 after buying an additional 740 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of United Fire Group by 126.2% during the third quarter. State of Alaska Department of Revenue now owns 16,494 shares of the insurance provider’s stock valued at $774,000 after buying an additional 9,202 shares during the period. Finally, 6 Meridian increased its position in shares of United Fire Group by 24.6% during the third quarter. 6 Meridian now owns 16,754 shares of the insurance provider’s stock valued at $787,000 after buying an additional 3,304 shares during the period. Institutional investors own 60.91% of the company’s stock.
A number of equities analysts have recently commented on UFCS shares. ValuEngine upgraded shares of United Fire Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th.
UFCS opened at $45.63 on Tuesday. The company has a fifty day moving average price of $44.41 and a 200-day moving average price of $45.80. The firm has a market capitalization of $1.13 billion, a P/E ratio of 147.19 and a beta of -0.10. United Fire Group, Inc. has a one year low of $40.86 and a one year high of $55.03.
United Fire Group (NASDAQ:UFCS) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.12). The firm had revenue of $298.06 million during the quarter. United Fire Group had a negative return on equity of 0.97% and a net margin of 0.75%.
In other United Fire Group news, COO Michael T. Wilkins sold 8,789 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.46, for a total value of $381,969.94. 6.66% of the stock is owned by corporate insiders.
About United Fire Group
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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