United Fire Group, Inc. (NASDAQ:UFCS) VP Neal R. Scharmer sold 985 shares of United Fire Group stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $48.93, for a total value of $48,196.05. Following the completion of the transaction, the vice president now owns 16,662 shares of the company’s stock, valued at $815,271.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
UFCS stock traded up $0.32 during midday trading on Thursday, reaching $48.72. 38,766 shares of the company’s stock traded hands, compared to its average volume of 67,798. United Fire Group, Inc. has a 52 week low of $40.86 and a 52 week high of $61.56. The firm has a market capitalization of $1.22 billion, a P/E ratio of 83.48 and a beta of -0.09. The firm has a fifty day simple moving average of $48.20.
United Fire Group (NASDAQ:UFCS) last posted its earnings results on Wednesday, May 8th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.38. The firm had revenue of $332.25 million during the quarter. United Fire Group had a net margin of 2.35% and a return on equity of 1.63%.
Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of United Fire Group by 56.0% in the first quarter. Bank of Montreal Can now owns 1,164 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 418 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in United Fire Group by 375.0% in the first quarter. Quadrant Capital Group LLC now owns 1,501 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 1,185 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in United Fire Group in the fourth quarter worth $139,000. Squarepoint Ops LLC purchased a new position in United Fire Group during the fourth quarter valued at $228,000. Finally, BNP Paribas Arbitrage SA lifted its position in United Fire Group by 181.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,846 shares of the insurance provider’s stock valued at $212,000 after buying an additional 3,123 shares during the period. 62.21% of the stock is currently owned by hedge funds and other institutional investors.
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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