Mercer Global Advisors Inc. ADV Purchases New Holdings in United Fire Group, Inc. (UFCS)

Mercer Global Advisors Inc. ADV purchased a new stake in United Fire Group, Inc. (NASDAQ:UFCS) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 15,432 shares of the insurance provider’s stock, valued at approximately $856,000. Mercer Global Advisors Inc. ADV owned approximately 0.06% of United Fire Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 6 Meridian acquired a new stake in United Fire Group in the 1st quarter valued at $570,000. Geode Capital Management LLC increased its holdings in United Fire Group by 10.5% in the 4th quarter. Geode Capital Management LLC now owns 250,720 shares of the insurance provider’s stock valued at $13,902,000 after purchasing an additional 23,819 shares in the last quarter. Norges Bank acquired a new stake in United Fire Group in the 4th quarter valued at $27,833,000. Legal & General Group Plc increased its holdings in United Fire Group by 4.5% in the 4th quarter. Legal & General Group Plc now owns 50,784 shares of the insurance provider’s stock valued at $2,809,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in United Fire Group in the 4th quarter valued at $139,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Shares of United Fire Group stock opened at $42.44 on Wednesday. The stock has a market cap of $1.08 billion, a PE ratio of 64.18 and a beta of -0.02. United Fire Group, Inc. has a 1-year low of $42.65 and a 1-year high of $61.56.

United Fire Group (NASDAQ:UFCS) last announced its earnings results on Wednesday, February 20th. The insurance provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.53). The business had revenue of $279.65 million for the quarter. United Fire Group had a net margin of 2.58% and a return on equity of 1.85%.

Several brokerages recently issued reports on UFCS. ValuEngine downgraded United Fire Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. BidaskClub downgraded United Fire Group from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, TheStreet downgraded United Fire Group from a “b” rating to a “c+” rating in a report on Thursday, February 21st.

In other news, Director Scott L. Carlton sold 649 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $47.71, for a total transaction of $30,963.79. Following the completion of the sale, the director now directly owns 83,642 shares in the company, valued at $3,990,559.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.66% of the stock is owned by company insiders.

WARNING: “Mercer Global Advisors Inc. ADV Purchases New Holdings in United Fire Group, Inc. (UFCS)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.com-unik.info/2019/04/17/mercer-global-advisors-inc-adv-purchases-new-holdings-in-united-fire-group-inc-ufcs.html.

About United Fire Group

United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

Featured Story: What is Depreciation?

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



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit