United Fire Group Inc. (NASDAQ:UFCS) COO Michael J. Sheeley sold 925 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $38.81, for a total value of $35,899.25. Following the completion of the sale, the chief operating officer now owns 8,035 shares of the company’s stock, valued at approximately $311,838.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of United Fire Group Inc. (NASDAQ:UFCS) opened at 43.73 on Monday. The firm has a 50 day moving average price of $41.06 and a 200 day moving average price of $41.93. The company has a market capitalization of $1.11 billion, a P/E ratio of 16.31 and a beta of 0.29. United Fire Group Inc. has a one year low of $35.16 and a one year high of $45.75.

Institutional investors have recently modified their holdings of the stock. Mairs & Power INC raised its position in shares of United Fire Group by 13.2% in the third quarter. Mairs & Power INC now owns 212,007 shares of the company’s stock valued at $8,972,000 after buying an additional 24,700 shares during the last quarter. Morgan Stanley increased its stake in United Fire Group by 21.6% in the third quarter. Morgan Stanley now owns 96,891 shares of the company’s stock valued at $4,099,000 after buying an additional 17,211 shares during the period. Principal Financial Group Inc. increased its stake in United Fire Group by 5.0% in the third quarter. Principal Financial Group Inc. now owns 163,427 shares of the company’s stock valued at $6,917,000 after buying an additional 7,782 shares during the period. Northern Trust Corp increased its stake in United Fire Group by 2.3% in the third quarter. Northern Trust Corp now owns 572,185 shares of the company’s stock valued at $24,215,000 after buying an additional 12,985 shares during the period. Finally, Matarin Capital Management LLC purchased a new stake in United Fire Group during the third quarter valued at $2,133,000. Institutional investors own 60.54% of the company’s stock.

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.

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