Shares of United Fire Group, Inc. (NASDAQ:UFCS) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus target price of $46.00 for the company, according to Zacks. Zacks has also given United Fire Group an industry rank of 108 out of 255 based on the ratings given to its competitors.

A number of research firms recently weighed in on UFCS. BidaskClub upgraded shares of United Fire Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. ValuEngine upgraded shares of United Fire Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

UFCS stock opened at $46.54 on Tuesday. The company’s 50 day moving average price is $44.97 and its 200 day moving average price is $45.55. United Fire Group has a fifty-two week low of $40.86 and a fifty-two week high of $55.03. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 150.13 and a beta of -0.14.

In related news, COO Michael T. Wilkins sold 8,789 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.46, for a total transaction of $381,969.94. 6.66% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in UFCS. Nuveen Asset Management LLC acquired a new position in United Fire Group in the second quarter valued at approximately $4,951,000. Morgan Stanley boosted its holdings in United Fire Group by 134.1% in the second quarter. Morgan Stanley now owns 151,540 shares of the insurance provider’s stock valued at $7,344,000 after purchasing an additional 86,803 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in United Fire Group in the fourth quarter valued at approximately $3,024,000. Earnest Partners LLC boosted its holdings in United Fire Group by 4.5% in the fourth quarter. Earnest Partners LLC now owns 1,524,477 shares of the insurance provider’s stock valued at $66,665,000 after purchasing an additional 66,189 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in United Fire Group by 104.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 119,270 shares of the insurance provider’s stock valued at $5,216,000 after purchasing an additional 60,950 shares in the last quarter. 60.82% of the stock is owned by hedge funds and other institutional investors.

United Fire Group Company Profile

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, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

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