Bessemer Group Inc. Purchases 900 Shares of United Fire Group, Inc (UFCS)
Bessemer Group Inc. boosted its position in United Fire Group, Inc (NASDAQ:UFCS) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,500 shares of the insurance provider’s stock after buying an additional 900 shares during the period. Bessemer Group Inc.’s holdings in United Fire Group were worth $1,608,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in United Fire Group by 37.5% in the fourth quarter. Renaissance Technologies LLC now owns 42,900 shares of the insurance provider’s stock worth $2,109,000 after buying an additional 11,700 shares during the period. Norges Bank purchased a new position in United Fire Group during the fourth quarter worth $18,557,000. Teachers Advisors LLC increased its position in United Fire Group by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 35,954 shares of the insurance provider’s stock worth $1,768,000 after buying an additional 503 shares during the period. Louisiana State Employees Retirement System increased its position in United Fire Group by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the insurance provider’s stock worth $376,000 after buying an additional 100 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in United Fire Group during the first quarter worth $391,000. 58.10% of the stock is owned by hedge funds and other institutional investors.
United Fire Group, Inc (UFCS) opened at 42.88 on Friday. The firm has a market cap of $1.07 billion, a P/E ratio of 23.55 and a beta of 0.79. The firm’s 50-day moving average price is $44.06 and its 200-day moving average price is $43.78. United Fire Group, Inc has a 52-week low of $37.54 and a 52-week high of $50.75.
United Fire Group (NASDAQ:UFCS) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $284.30 million for the quarter. United Fire Group had a net margin of 4.07% and a return on equity of 4.33%. Equities research analysts expect that United Fire Group, Inc will post $1.79 EPS for the current year.
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UFCS has been the subject of a number of recent research reports. Sidoti initiated coverage on United Fire Group in a research report on Friday, June 9th. They set a “neutral” rating and a $48.00 price target for the company. BidaskClub raised United Fire Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.
United Fire Group Company Profile
United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. The Company operates in two segments: property and casualty insurance, and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.
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