Stifel Financial Corp lifted its holdings in United Fire Group, Inc (NASDAQ:UFCS) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,620 shares of the insurance provider’s stock after purchasing an additional 136 shares during the period. Stifel Financial Corp’s holdings in United Fire Group were worth $248,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of United Fire Group by 42,903.1% in the first quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock worth $102,887,000 after purchasing an additional 2,399,998 shares during the period. Marshall Wace North America L.P. increased its stake in shares of United Fire Group by 462.0% in the second quarter. Marshall Wace North America L.P. now owns 68,407 shares of the insurance provider’s stock worth $3,010,000 after purchasing an additional 56,235 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of United Fire Group by 62.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,456 shares of the insurance provider’s stock worth $329,000 after purchasing an additional 2,862 shares during the period. Great Lakes Advisors LLC increased its stake in shares of United Fire Group by 2.1% in the second quarter. Great Lakes Advisors LLC now owns 136,667 shares of the insurance provider’s stock worth $6,022,000 after purchasing an additional 2,829 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of United Fire Group by 0.8% in the first quarter. Principal Financial Group Inc. now owns 172,279 shares of the insurance provider’s stock worth $7,368,000 after purchasing an additional 1,328 shares during the period. Institutional investors and hedge funds own 58.24% of the company’s stock.

A number of equities analysts have recently commented on UFCS shares. Sandler O’Neill upgraded United Fire Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $47.00 in a research note on Friday, September 22nd. BidaskClub lowered United Fire Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

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Shares of United Fire Group, Inc (UFCS) opened at $46.07 on Monday. United Fire Group, Inc has a 1 year low of $37.80 and a 1 year high of $50.75. The firm has a market capitalization of $1,153.07, a PE ratio of 28.98 and a beta of 0.71.

United Fire Group 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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