Capstone Asset Management Co. lowered its stake in shares of United Fire Group, Inc (NASDAQ:UFCS) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,283 shares of the insurance provider’s stock after selling 420 shares during the period. Capstone Asset Management Co.’s holdings in United Fire Group were worth $277,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Thrivent Financial For Lutherans raised its stake in shares of United Fire Group by 21.4% in the first quarter. Thrivent Financial For Lutherans now owns 27,580 shares of the insurance provider’s stock valued at $1,180,000 after buying an additional 4,870 shares during the period. State of Alaska Department of Revenue raised its stake in shares of United Fire Group by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,390 shares of the insurance provider’s stock valued at $102,000 after buying an additional 50 shares during the period. Arizona State Retirement System raised its stake in shares of United Fire Group by 1.8% in the first quarter. Arizona State Retirement System now owns 11,321 shares of the insurance provider’s stock valued at $484,000 after buying an additional 200 shares during the period. Teachers Advisors LLC raised its stake in shares of United Fire Group by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 35,954 shares of the insurance provider’s stock valued at $1,768,000 after buying an additional 503 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of United Fire Group by 37.5% in the fourth quarter. Renaissance Technologies LLC now owns 42,900 shares of the insurance provider’s stock valued at $2,109,000 after buying an additional 11,700 shares during the period. 58.58% of the stock is currently owned by institutional investors.

Shares of United Fire Group, Inc (NASDAQ UFCS) traded up 1.35% during midday trading on Wednesday, hitting $43.45. 15,538 shares of the company traded hands. The stock has a market capitalization of $1.09 billion, a PE ratio of 23.86 and a beta of 0.79. The stock has a 50 day moving average of $44.03 and a 200-day moving average of $43.67. 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 posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $284.30 million during the quarter. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. Equities analysts forecast that United Fire Group, Inc will post $1.79 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on UFCS shares. BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Sidoti started coverage on shares of United Fire Group in a report on Friday, June 9th. They set a “neutral” rating and a $48.00 price target on the stock.

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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Institutional Ownership by Quarter for United Fire Group (NASDAQ:UFCS)

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