12,943 Shares in United Fire Group, Inc $UFCS Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in shares of United Fire Group, Inc (NASDAQ:UFCS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,943 shares of the insurance provider’s stock, valued at approximately $371,000. Campbell & CO Investment Adviser LLC owned about 0.05% of United Fire Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UFCS. Quantbot Technologies LP grew its holdings in United Fire Group by 859.3% during the 1st quarter. Quantbot Technologies LP now owns 8,797 shares of the insurance provider’s stock valued at $259,000 after buying an additional 7,880 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of United Fire Group by 3.7% in the first quarter. Vanguard Group Inc. now owns 1,399,527 shares of the insurance provider’s stock valued at $41,230,000 after acquiring an additional 49,290 shares during the period. Sierra Summit Advisors LLC purchased a new position in United Fire Group during the first quarter valued at approximately $737,000. Inspire Investing LLC purchased a new stake in United Fire Group in the 1st quarter worth approximately $783,000. Finally, American Century Companies Inc. boosted its holdings in United Fire Group by 76.5% in the 1st quarter. American Century Companies Inc. now owns 252,449 shares of the insurance provider’s stock valued at $7,437,000 after purchasing an additional 109,453 shares during the period. Institutional investors own 62.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UFCS shares. Zacks Research cut shares of United Fire Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Wall Street Zen raised United Fire Group from a “hold” rating to a “buy” rating in a research note on Sunday. Jones Trading lifted their price target on United Fire Group from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of United Fire Group in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Insider Buying and Selling

In other news, Director John Paul E. Besong sold 2,450 shares of United Fire Group stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $32.26, for a total transaction of $79,037.00. Following the completion of the transaction, the director directly owned 24,494 shares in the company, valued at approximately $790,176.44. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.12% of the company’s stock.

United Fire Group Price Performance

Shares of United Fire Group stock opened at $37.11 on Monday. The company’s fifty day simple moving average is $31.75 and its two-hundred day simple moving average is $29.70. United Fire Group, Inc has a 12-month low of $24.11 and a 12-month high of $37.33. The firm has a market cap of $946.82 million, a PE ratio of 10.57 and a beta of 0.49. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.14.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.81. The firm had revenue of $354.02 million for the quarter, compared to analyst estimates of $354.46 million. United Fire Group had a return on equity of 11.84% and a net margin of 6.94%. As a group, equities analysts expect that United Fire Group, Inc will post 2.42 EPS for the current year.

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; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers’ compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.