TIAA CREF Investment Management LLC raised its position in shares of United Fire Group, Inc (NASDAQ:UFCS) by 15.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,630 shares of the insurance provider’s stock after acquiring an additional 13,258 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.40% of United Fire Group worth $4,478,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in United Fire Group during the 1st quarter valued at approximately $145,000. Victory Capital Management Inc. boosted its position in United Fire Group by 25.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,544 shares of the insurance provider’s stock valued at $152,000 after acquiring an additional 711 shares in the last quarter. State of Alaska Department of Revenue boosted its position in United Fire Group by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,242 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 1,852 shares in the last quarter. Mason Street Advisors LLC boosted its position in United Fire Group by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,060 shares of the insurance provider’s stock valued at $216,000 after acquiring an additional 350 shares in the last quarter. Finally, Stifel Financial Corp boosted its position 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 valued at $235,000 after acquiring an additional 549 shares in the last quarter. 58.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Fire Group, Inc (NASDAQ:UFCS) opened at 46.95 on Friday. The stock has a 50 day moving average price of $44.22 and a 200-day moving average price of $43.66. The company has a market capitalization of $1.18 billion, a PE ratio of 25.78 and a beta of 0.75. 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 released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $284.30 million for the quarter. Analysts forecast that United Fire Group, Inc will post $1.60 EPS for the current year.

UFCS has been the topic of a number of analyst reports. Sandler O’Neill raised United Fire Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $47.00 in a research report on Friday, September 22nd. BidaskClub cut United Fire Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.

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United Fire Group 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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