Equities researchers at StockNews.com started coverage on shares of United Fire Group (NASDAQ:UFCS – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the insurance provider’s stock.
Separately, Piper Sandler cut their price objective on United Fire Group from $20.00 to $19.00 in a research report on Wednesday, August 9th.
Read Our Latest Report on United Fire Group
United Fire Group Price Performance
United Fire Group (NASDAQ:UFCS – Get Free Report) last released its quarterly earnings data on Monday, August 7th. The insurance provider reported ($2.27) EPS for the quarter, hitting the consensus estimate of ($2.27). United Fire Group had a negative return on equity of 8.70% and a negative net margin of 5.58%. The business had revenue of $267.09 million for the quarter, compared to analyst estimates of $266.80 million. On average, equities research analysts anticipate that United Fire Group will post -1.91 earnings per share for the current fiscal year.
Institutional Trading of United Fire Group
Large investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. raised its stake in United Fire Group by 9.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,240 shares of the insurance provider’s stock valued at $225,000 after purchasing an additional 608 shares during the last quarter. Citigroup Inc. raised its stake in shares of United Fire Group by 10.4% in the 1st quarter. Citigroup Inc. now owns 23,023 shares of the insurance provider’s stock valued at $716,000 after acquiring an additional 2,177 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of United Fire Group by 51.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,838 shares of the insurance provider’s stock worth $119,000 after buying an additional 1,302 shares during the period. Bank of Montreal Can purchased a new stake in shares of United Fire Group during the 1st quarter valued at about $225,000. Finally, MetLife Investment Management LLC boosted its holdings in United Fire Group by 46.4% in the 1st quarter. MetLife Investment Management LLC now owns 10,952 shares of the insurance provider’s stock worth $340,000 after acquiring an additional 3,473 shares during the period. Institutional investors and hedge funds own 62.15% of the company’s stock.
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; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products.
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