Shell Asset Management Co. maintained its position in shares of United Fire Group, Inc (NASDAQ:UFCS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,554 shares of the insurance provider’s stock at the end of the second quarter. Shell Asset Management Co. owned approximately 0.10% of United Fire Group worth $1,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in United Fire Group by 3.2% in the second quarter. Russell Investments Group Ltd. now owns 16,665 shares of the insurance provider’s stock valued at $734,000 after buying an additional 520 shares during the last quarter. Aperio Group LLC increased its position in United Fire Group by 11.1% in the second quarter. Aperio Group LLC now owns 11,104 shares of the insurance provider’s stock valued at $489,000 after buying an additional 1,109 shares during the last quarter. State of Alaska Department of Revenue increased its position in United Fire Group by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 4,242 shares of the insurance provider’s stock valued at $186,000 after buying an additional 1,852 shares during the last quarter. Meridian Wealth Management LLC bought a new position in United Fire Group during the first quarter valued at about $282,000. Finally, Tudor Investment Corp ET AL bought a new position in United Fire Group during the first quarter valued at about $355,000. Hedge funds and other institutional investors own 58.10% of the company’s stock.

United Fire Group, Inc (NASDAQ UFCS) opened at 44.15 on Tuesday. The stock’s 50 day moving average is $44.23 and its 200 day moving average is $43.87. The company has a market cap of $1.12 billion, a P/E ratio of 23.72 and a beta of 0.79. United Fire Group, Inc has a 12-month low of $37.54 and a 12-month high of $50.75.

United Fire Group (NASDAQ:UFCS) last issued 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 net margin of 4.07% and a return on equity of 4.33%. On average, equities analysts forecast that United Fire Group, Inc will post $1.82 earnings per share for the current year.

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