JPMorgan Chase & Co. lowered its position in shares of United Fire Group Inc. (NASDAQ:UFCS) by 39.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,387 shares of the company’s stock after selling 51,470 shares during the period. JPMorgan Chase & Co. owned 0.31% of United Fire Group worth $3,326,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its position in shares of United Fire Group by 6.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 600,847 shares of the company’s stock worth $26,329,000 after buying an additional 38,900 shares during the last quarter. BlackRock Fund Advisors raised its position in United Fire Group by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,292,497 shares of the company’s stock valued at $56,637,000 after buying an additional 5,247 shares in the last quarter. Prudential Financial Inc. raised its position in United Fire Group by 9.2% in the first quarter. Prudential Financial Inc. now owns 225,740 shares of the company’s stock valued at $9,892,000 after buying an additional 19,027 shares in the last quarter. Aperio Group LLC raised its position in United Fire Group by 11.4% in the first quarter. Aperio Group LLC now owns 11,105 shares of the company’s stock valued at $487,000 after buying an additional 1,136 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in United Fire Group during the first quarter valued at approximately $1,551,000. Hedge funds and other institutional investors own 60.32% of the company’s stock.
United Fire Group Inc. (NASDAQ:UFCS) traded down 0.34% on Wednesday, reaching $41.59. The company had a trading volume of 3,185 shares. United Fire Group Inc. has a 1-year low of $35.16 and a 1-year high of $45.75. The firm has a market capitalization of $1.06 billion, a P/E ratio of 13.94 and a beta of 0.28. The company’s 50-day moving average price is $42.42 and its 200 day moving average price is $42.47.
In other United Fire Group news, VP Neal R. Scharmer sold 2,020 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $42.50, for a total value of $85,850.00. Following the completion of the transaction, the vice president now owns 13,065 shares in the company, valued at $555,262.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.90% of the stock is currently owned by company insiders.
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.
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