State Street Corp boosted its stake in United Fire Group, Inc (NASDAQ:UFCS) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 502,290 shares of the insurance provider’s stock after buying an additional 24,742 shares during the period. State Street Corp’s holdings in United Fire Group were worth $21,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UFCS. State of Alaska Department of Revenue raised its position in United Fire Group by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 2,390 shares of the insurance provider’s stock valued at $102,000 after buying an additional 50 shares in the last quarter. Louisiana State Employees Retirement System raised its position in United Fire Group by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the insurance provider’s stock valued at $376,000 after buying an additional 100 shares in the last quarter. Capital One National Association raised its position in United Fire Group by 1.0% in the first quarter. Capital One National Association now owns 16,881 shares of the insurance provider’s stock valued at $722,000 after buying an additional 169 shares in the last quarter. Arizona State Retirement System raised its position in United Fire Group by 1.8% in the first quarter. Arizona State Retirement System now owns 11,321 shares of the insurance provider’s stock valued at $484,000 after buying an additional 200 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in United Fire Group by 7.4% in the first quarter. Mason Street Advisors LLC now owns 5,060 shares of the insurance provider’s stock valued at $216,000 after buying an additional 350 shares in the last quarter. Institutional investors own 58.10% of the company’s stock.

United Fire Group, Inc (NASDAQ:UFCS) traded down 2.52% on Friday, hitting $42.88. 71,044 shares of the stock traded hands. The firm has a market capitalization of $1.07 billion, a PE ratio of 23.55 and a beta of 0.79. The stock has a 50 day moving average of $44.06 and a 200 day moving average of $43.78. United Fire Group, Inc has a 52 week low of $37.54 and a 52 week high of $50.75.

United Fire Group (NASDAQ:UFCS) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.06. United Fire Group had a net margin of 4.07% and a return on equity of 4.33%. The firm had revenue of $284.30 million for the quarter. Equities research analysts anticipate that United Fire Group, Inc will post $1.79 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/13/united-fire-group-inc-nasdaqufcs-stake-raised-by-state-street-corp.html.

Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of United Fire Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Sidoti assumed coverage on shares of United Fire Group in a research note 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.

Want to see what other hedge funds are holding UFCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Fire Group, Inc (NASDAQ:UFCS).

Institutional Ownership by Quarter for United Fire Group (NASDAQ:UFCS)

Receive News & Ratings for United Fire Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Fire Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.