UBS Asset Management Americas Inc. Invests $231,000 in United Fire Group, Inc (UFCS) Stock

UBS Asset Management Americas Inc. acquired a new position in shares of United Fire Group, Inc (NASDAQ:UFCS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,252 shares of the insurance provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UFCS. Parametric Portfolio Associates LLC grew its stake in United Fire Group by 13.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 65,591 shares of the insurance provider’s stock worth $2,805,000 after buying an additional 8,017 shares during the last quarter. Stifel Financial Corp grew its stake in United Fire Group by 11.1% during the 1st quarter. Stifel Financial Corp now owns 5,484 shares of the insurance provider’s stock worth $235,000 after buying an additional 549 shares during the last quarter. SG Americas Securities LLC bought a new position in United Fire Group during the 1st quarter worth $145,000. OppenheimerFunds Inc. grew its stake in United Fire Group by 38.6% during the 1st quarter. OppenheimerFunds Inc. now owns 19,885 shares of the insurance provider’s stock worth $851,000 after buying an additional 5,541 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in United Fire Group by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 172,279 shares of the insurance provider’s stock worth $7,368,000 after buying an additional 1,328 shares during the last quarter. Hedge funds and other institutional investors own 58.25% of the company’s stock.

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A number of brokerages recently commented on UFCS. BidaskClub downgraded United Fire Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Sandler O’Neill upgraded United Fire Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $47.00 in a research note on Friday, September 22nd.

United Fire Group, Inc (UFCS) opened at $46.07 on Friday. The company has a market capitalization of $1,158.08, a PE ratio of 29.10 and a beta of 0.71.

United Fire Group (NASDAQ:UFCS) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $284.30 million for the quarter. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%.

About United Fire Group

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.

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

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