How Analysts Feel About United Fire Group, Inc. (UFCS) After Touching 52-Week High?

May 21, 2018 - By sdfsdfsdf

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.
Thrivent Fincl For Lutherans has 35,734 shares for 0.01% of their portfolio. Macquarie Group holds 0.02% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS) for 286,492 shares. Pinebridge Investments Limited Partnership holds 50,963 shares. Morgan Stanley reported 0% stake. Parametric Associates invested in 53,978 shares or 0% of the stock. Brinker Capital reported 27,694 shares or 0.05% of all its holdings. Royal Financial Bank Of Canada invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). The Switzerland-based Swiss Financial Bank has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). Legal And General Group Public Limited Com holds 0% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS) for 44,999 shares. Employees Retirement System Of Ohio has 0% invested in United Fire Group, Inc. (NASDAQ:UFCS). 11,993 were accumulated by Voya Investment Limited Liability. Peoples Services holds 0% or 80 shares in its portfolio. Morgan Dempsey Capital Management Lc accumulated 8,448 shares. Gsa Cap Prtnrs Limited Liability Partnership reported 0.03% stake. Citadel Limited Liability, Illinois-based fund reported 19,026 shares.

Since February 21, 2018, it had 0 insider purchases, and 3 sales for $692,566 activity. 3,000 shares were sold by Quass Mary K., worth $152,843 on Tuesday, May 15. CONNER DAVID E also sold $202,306 worth of United Fire Group, Inc. (NASDAQ:UFCS) shares.

The stock of United Fire Group, Inc. (NASDAQ:UFCS) hit a new 52-week high and has $58.10 target or 9.00 % above today’s $53.30 share price. The 9 months bullish chart indicates low risk for the $1.33B company. The 1-year high was reported on May, 21 by Barchart.com. If the $58.10 price target is reached, the company will be worth $119.61M 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 0.41% or $0.22 during the last trading session, reaching $53.3. About 9,563 shares traded. United Fire Group, Inc. (NASDAQ:UFCS) has risen 10.76% since May 21, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

More recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Benzinga.com which released: “UFG Insurance introduces ArtisanPro® for artisan contractors” on May 17, 2018. Also Globenewswire.com published the news titled: “United Fire Group, Inc. Reports First Quarter 2018 Results” on May 09, 2018. Seekingalpha.com‘s news article titled: “United Fire Group’s (UFCS) CEO Randy Ramlo on Q1 2018 Results – Earnings Call Transcript” with publication date: May 09, 2018 was also an interesting one.

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 $1.33 billion. The firm operates through two divisions, Property and Casualty Insurance, and Life Insurance. It has a 26.78 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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