United Fire Group, Inc. (NASDAQ:UFCS) VP Neal R. Scharmer sold 3,041 shares of United Fire Group stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $48.88, for a total transaction of $148,644.08. Following the sale, the vice president now directly owns 16,422 shares of the company’s stock, valued at approximately $802,707.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of UFCS stock traded up $0.43 during midday trading on Friday, hitting $48.92. 70,267 shares of the company were exchanged, compared to its average volume of 70,739. United Fire Group, Inc. has a 52 week low of $40.86 and a 52 week high of $61.56. The firm has a 50 day moving average price of $48.11. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 84.34 and a beta of -0.09.
United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.91 earnings per share for the quarter, topping the 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 business had revenue of $332.25 million during the quarter.
A number of institutional investors have recently modified their holdings of UFCS. Bank of Montreal Can raised its stake in United Fire Group by 56.0% in the 1st 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 in the last quarter. Quadrant Capital Group LLC raised its stake in United Fire Group by 375.0% in the 1st quarter. Quadrant Capital Group LLC now owns 1,501 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 1,185 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in United Fire Group in the 4th quarter worth about $139,000. BNP Paribas Arbitrage SA raised its stake in United Fire Group by 181.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,846 shares of the insurance provider’s stock worth $212,000 after purchasing an additional 3,123 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in United Fire Group in the 4th quarter worth about $228,000. Institutional investors and hedge funds own 62.25% of the company’s stock.
Several brokerages recently commented on UFCS. TheStreet downgraded shares of Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. BidaskClub downgraded shares of Amyris from a “hold” rating to a “sell” rating in a report on Thursday, June 27th.
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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