United Fire Group, Inc. (UFCS) Just Reaches 52-Week High?

May 21, 2018 - By Marie Mckinney

United Fire Group, Inc. (NASDAQ:UFCS) Logo

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.22, from 0.87 in 2017Q3. It improved, as 9 investors sold United Fire Group, Inc. shares while 44 reduced holdings. 24 funds opened positions while 34 raised stakes. 14.55 million shares or 1.05% more from 14.40 million shares in 2017Q3 were reported.
Texas Permanent School Fund owns 14,295 shares. Connecticut-based Matarin Capital Mgmt Ltd has invested 0.18% in United Fire Group, Inc. (NASDAQ:UFCS). D E Shaw owns 0% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 22,805 shares. Morgan Dempsey Mgmt Limited Liability stated it has 0.12% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS). New York State Common Retirement Fund owns 353,666 shares. Raymond James & Associates has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). 127,346 are owned by Advisory Rech. Ahl Ltd Liability Partnership has 0.01% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 7,349 shares. Parametric Portfolio Assocs Lc stated it has 0% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS). Moreover, California Employees Retirement has 0% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 61,274 shares. Menta Lc reported 0.08% stake. Stratos Wealth Partners Ltd accumulated 132 shares. Comerica State Bank holds 0.01% in United Fire Group, Inc. (NASDAQ:UFCS) or 48,632 shares. Alliancebernstein Lp has 31,918 shares for 0% of their portfolio. Shell Asset Mngmt has invested 0.02% in United Fire Group, Inc. (NASDAQ:UFCS).

Since February 21, 2018, it had 0 insider purchases, and 3 sales for $692,566 activity. Another trade for 3,000 shares valued at $152,843 was made by Quass Mary K. on Tuesday, May 15. ERNST BARRIE W also sold $337,417 worth of United Fire Group, Inc. (NASDAQ:UFCS) on Friday, March 9.

The stock of United Fire Group, Inc. (NASDAQ:UFCS) hit a new 52-week high and has $58.10 target or 9.00 % above today’s $53.30 share price. The 9 months bullish chart indicates low risk for the $1.33B company. The 1-year high was reported on May, 21 by Barchart.com. If the $58.10 price target is reached, the company will be worth $119.61M 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.

The stock increased 0.41% or $0.22 during the last trading session, reaching $53.3. About 9,563 shares traded. United Fire Group, Inc. (NASDAQ:UFCS) has risen 10.76% since May 21, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

More recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Seekingalpha.com which released: “United Fire Group’s (UFCS) CEO Randy Ramlo on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. Also Globenewswire.com published the news titled: “United Fire Group, Inc. Reports First Quarter 2018 Results” on May 09, 2018. Benzinga.com‘s news article titled: “UFG Insurance introduces ArtisanPro® for artisan contractors” with publication date: May 17, 2018 was also an interesting one.

United Fire Group, Inc., through with its subsidiaries, provides insurance protection for individuals and businesses in the United States. The company has market cap of $1.33 billion. The firm operates through two divisions, Property and Casualty Insurance, and Life Insurance. It has a 26.78 P/E ratio. The Property and Casualty Insurance segment offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products.

United Fire Group, Inc. (NASDAQ:UFCS) Institutional Positions Chart

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