United Fire Group (NASDAQ:UFCS) Upgraded at BidaskClub

United Fire Group (NASDAQ:UFCS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday, October 27th.

Separately, ValuEngine downgraded United Fire Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th.

NASDAQ UFCS traded down $0.09 during trading hours on Friday, reaching $51.87. 29,502 shares of the company’s stock were exchanged, compared to its average volume of 79,275. United Fire Group has a one year low of $38.95 and a one year high of $61.56. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 27.93 and a beta of 0.35.

In related news, VP Neal R. Scharmer sold 5,000 shares of the stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Noyce sold 1,727 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $55.00, for a total value of $94,985.00. Following the completion of the sale, the director now owns 12,382 shares in the company, valued at approximately $681,010. The disclosure for this sale can be found here. Corporate insiders own 6.24% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC increased its position in United Fire Group by 3.3% during the 3rd quarter. Teachers Advisors LLC now owns 41,993 shares of the insurance provider’s stock worth $2,132,000 after buying an additional 1,361 shares during the period. Renaissance Technologies LLC increased its position in shares of United Fire Group by 0.9% in the second quarter. Renaissance Technologies LLC now owns 173,100 shares of the insurance provider’s stock worth $9,436,000 after purchasing an additional 1,500 shares during the period. Wells Fargo & Company MN increased its position in shares of United Fire Group by 1.6% in the third quarter. Wells Fargo & Company MN now owns 144,458 shares of the insurance provider’s stock worth $7,334,000 after purchasing an additional 2,234 shares during the period. First Trust Advisors LP increased its position in shares of United Fire Group by 13.6% in the third quarter. First Trust Advisors LP now owns 20,640 shares of the insurance provider’s stock worth $1,048,000 after purchasing an additional 2,469 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of United Fire Group by 3.3% in the third quarter. AQR Capital Management LLC now owns 81,565 shares of the insurance provider’s stock worth $4,141,000 after purchasing an additional 2,607 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.

United Fire Group Company Profile

United Fire Group, Inc, together with its subsidiaries, provides insurance protection for individuals and businesses in the United States. The company operates through two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products.

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