Will United Fire Group, Inc. (UFCS) Run Out of Steam Soon?

April 24, 2018 - By Adrian Mccoy

United Fire Group, Inc. (NASDAQ:UFCS) Logo

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.22, from 0.87 in 2017Q3. It is positive, as 9 investors sold United Fire Group, Inc. shares while 44 reduced holdings. 24 funds opened positions while 34 raised stakes. 14.55 million shares or 1.05% more from 14.40 million shares in 2017Q3 were reported.
State Common Retirement Fund has invested 0.02% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS). Brandywine Glob Lc holds 0.02% in United Fire Group, Inc. (NASDAQ:UFCS) or 66,842 shares. 1,866 are owned by Ameritas Invest Prtn. Jpmorgan Chase And has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). Retail Bank Of Ny Mellon invested in 0% or 277,490 shares. California State Teachers Retirement Sys reported 33,824 shares. D E Shaw Communications accumulated 0% or 22,805 shares. Teachers Retirement Sys Of The State Of Kentucky invested 0% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS). Credit Suisse Ag has invested 0% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS). Genesee Valley stated it has 6,082 shares or 0.12% of all its holdings. Stratos Wealth Prns Limited owns 132 shares. Macquarie Gru Ltd holds 0.02% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS) for 286,492 shares. Tiaa Cref Inv Mgmt Limited Liability Company holds 0% in United Fire Group, Inc. (NASDAQ:UFCS) or 97,937 shares. Stifel Fincl invested in 5,620 shares or 0% of the stock. Aperio Group Limited Liability owns 11,659 shares or 0% of their US portfolio.

Since February 21, 2018, it had 0 buys, and 2 insider sales for $539,723 activity. CONNER DAVID E had sold 4,485 shares worth $202,306 on Wednesday, February 21.

The stock of United Fire Group, Inc. (NASDAQ:UFCS) hit a new 52-week high and has $53.12 target or 6.00 % above today’s $50.11 share price. The 8 months bullish chart indicates low risk for the $1.25B company. The 1-year high was reported on Apr, 24 by Barchart.com. If the $53.12 price target is reached, the company will be worth $74.88M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.34% or $0.17 during the last trading session, reaching $50.11. About 15,079 shares traded. United Fire Group, Inc. (NASDAQ:UFCS) has risen 10.76% since April 24, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

United Fire Group, Inc., through with its subsidiaries, provides insurance protection for individuals and businesses in the United States. The company has market cap of $1.25 billion. The firm operates through two divisions, Property and Casualty Insurance, and Life Insurance. It has a 25.18 P/E ratio. The Property and Casualty Insurance segment offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products.

United Fire Group, Inc. (NASDAQ:UFCS) Institutional Positions Chart

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