The stock of United Fire Group, Inc. (NASDAQ:UFCS) hit a new 52-week high and has $73.56 target or 62.00% above today’s $45.41 share price. The 8 months bullish chart indicates low risk for the $1.17B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $73.56 price target is reached, the company will be worth $725.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,603 shares traded hands. United Fire Group, Inc. (NASDAQ:UFCS) has risen 0.79% since April 19, 2016 and is uptrending. It has underperformed by 3.07% the S&P500.
According to Zacks Investment Research, “United Fire Group, Inc. is engaged in the business of writing property, casualty, and life insurances. The Company’s products include commercial insurance, personal insurance, life insurance and surety bonds. It also underwrites and brokers a limited amount of excess and surplus lines insurance. United Fire Group, Inc. is headquartered in Cedar Rapids, Iowa.”
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.37, from 0.94 in 2016Q1. The ratio increased, as 18 funds sold all United Fire Group, Inc. shares owned while 44 reduced positions. 12 funds bought stakes while 46 increased positions. They now own 14.96 million shares or 0.12% more from 14.94 million shares in 2016Q1.
At National Bank has invested 0.06% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS). Jpmorgan Chase & Com last reported 78,387 shares in the company. Moreover, Louisiana State Employees Retirement has 0.02% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 9,400 shares. Great Lakes Advsrs Limited Liability Co reported 98,886 shares or 0.11% of all its holdings. Systematic Fin Ltd Partnership accumulated 0.36% or 628,307 shares. Blackrock Inc last reported 0% of its portfolio in the stock. Pinebridge Invs Lp accumulated 0.01% or 2,700 shares. Qs Limited Liability Corporation has 0.02% invested in the company for 61,301 shares. Moreover, Mckinley Capital Mgmt Ltd Liability Corporation Delaware has 0.15% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 71,141 shares. Principal Fincl Grp Inc Inc Inc accumulated 155,645 shares or 0.01% of the stock. California State Teachers Retirement Systems has 0% invested in the company for 45,304 shares. Ladenburg Thalmann Services owns 886 shares or 0% of their US portfolio. Dalton Greiner Hartman Maher holds 0.71% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS) for 268,796 shares. Dimensional Fund Advsr L P accumulated 2.15 million shares or 0.05% of the stock. Vanguard Gru owns 1.51M shares or 0% of their US portfolio.
Insider Transactions: Since June 15, 2016, the stock had 1 buying transaction, and 7 insider sales for $548,367 net activity. Sheeley Michael J. also sold $35,899 worth of United Fire Group, Inc. (NASDAQ:UFCS) on Tuesday, November 8. SCHARMER NEAL R had sold 4,639 shares worth $208,523 on Thursday, November 17. CONNER DAVID E sold $8,756 worth of stock or 199 shares. Drahozal Christopher R also sold $210,200 worth of United Fire Group, Inc. (NASDAQ:UFCS) shares. $210,200 worth of United Fire Group, Inc. (NASDAQ:UFCS) shares were bought by McIntyre Dee Ann.
More notable recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Globenewswire.com which released: “United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0 …” on November 18, 2016, also Globenewswire.com with their article: “United Fire Group, Inc. Reports Estimate for Second Quarter 2016 Results” published on July 27, 2016, Reuters.com published: “BRIEF-United Fire Group says increased size of board from 12 to 13 directo…” on December 19, 2015. More interesting news about United Fire Group, Inc. (NASDAQ:UFCS) were released by: Globenewswire.com and their article: “United Fire Group, Inc. Announces Its 2015 Fourth Quarter and Year-End …” published on January 15, 2016 as well as Rttnews.com‘s news article titled: “United Fire Group Inc. Earnings Drop 44% In Q3” with publication date: November 02, 2016.
UFCS Company Profile
United Fire Group, Inc., incorporated on May 18, 2011, provides insurance protection for individuals and businesses. The Firm is engaged in the business of writing property and casualty insurance, and life insurance, and selling annuities through a network of independent agencies. The Company’s divisions include property and casualty insurance, and life insurance. The property and casualty insurance segment is engaged in writing both commercial and personal lines of property and casualty insurance. The life insurance segment includes the activities of United Life Insurance Company, a subsidiary of the Company. The Company’s insurance firm subsidiaries are licensed as a property and casualty insurer in over 50 states and the District of Columbia, and as a life insurer in approximately 40 states.
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