Breaking: Is Buying United Fire Group, Inc. Here a Winning Strategy?

Breaking: Is Buying United Fire Group, Inc. Here a Winning Strategy?

The stock of United Fire Group, Inc. (NASDAQ:UFCS) hit a new 52-week high and has $47.58 target or 3.00% above today’s $46.19 share price. The 5 months bullish chart indicates low risk for the $1.17 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $47.58 price target is reached, the company will be worth $35.10 million 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. About 67,538 shares traded hands or 4.71% up from the average. United Fire Group, Inc. (NASDAQ:UFCS) has risen 3.24% since April 25, 2016 and is uptrending. It has underperformed by 2.78% the S&P500.

Analysts await United Fire Group, Inc. (NASDAQ:UFCS) to report earnings on February, 16.

According to Zacks Investment Research, “United Fire Group, Inc. is engaged in the business of writing property, casualty, and life insurances. The Company’s products include commercial insurance, personal insurance, life insurance and surety bonds. It also underwrites and brokers a limited amount of excess and surplus lines insurance. United Fire Group, Inc. is headquartered in Cedar Rapids, Iowa.”

Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.37, from 0.94 in 2016Q1. The ratio improved, as 18 funds sold all United Fire Group, Inc. shares owned while 44 reduced positions. 12 funds bought stakes while 46 increased positions. They now own 14.96 million shares or 0.12% more from 14.94 million shares in 2016Q1.
Renaissance Ltd Limited Liability Company accumulated 41,700 shares or 0% of the stock. Raymond James And Associate holds 0% or 32,800 shares in its portfolio. The United Kingdom-based Old Mutual Glob (Uk) Ltd has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). Victory Cap Mngmt Inc has 2,270 shares for 0% of their US portfolio. Aqr Management Limited Liability Corporation, a Connecticut-based fund reported 169,944 shares. Bankshares Of America De accumulated 0% or 45,360 shares. First Personal Financial, a North Carolina-based fund reported 108 shares. Systematic Management Lp holds 628,307 shares or 0.36% of its portfolio. Moreover, State Street Corp has 0% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 425,147 shares. Ls Advsr Limited Com, a Michigan-based fund reported 715 shares. Thrivent For Lutherans last reported 0% of its portfolio in the stock. Ubs Asset Mngmt Americas has 0% invested in the company for 9,752 shares. Moreover, Cornerstone Capital Management Hldgs Ltd Limited Liability Company has 0% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 7,233 shares. At Bank holds 0.06% or 8,984 shares in its portfolio. Deutsche Bank Ag last reported 69,049 shares in the company.

Insider Transactions: Since June 15, 2016, the stock had 1 buy, and 7 insider sales for $548,367 net activity. 21 United Fire Group, Inc. (NASDAQ:UFCS) shares with value of $912 were sold by Sheeley Michael J.. CONNER DAVID E sold $208,427 worth of stock. McIntyre Dee Ann also bought $210,200 worth of United Fire Group, Inc. (NASDAQ:UFCS) on Wednesday, June 15. $85,850 worth of United Fire Group, Inc. (NASDAQ:UFCS) was sold by SCHARMER NEAL R on Tuesday, September 20. 5,000 United Fire Group, Inc. (NASDAQ:UFCS) shares with value of $210,200 were sold by Drahozal Christopher R.

More important recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Globenewswire.com which released: “United Fire Group, Inc. Announces Its 2016 Third Quarter Earnings Call” on October 11, 2016, also Globenewswire.com published article titled: “United Fire Group, Inc. Announces Its 2015 Fourth Quarter and Year-End …”, Rttnews.com published: “United Fire Group Inc. Earnings Drop 44% In Q3” on November 02, 2016. More interesting news about United Fire Group, Inc. (NASDAQ:UFCS) was released by: Globenewswire.com and their article: “United Fire Group, Inc. Announces the Appointment of Dawn M. Jaffray, Chief …” with publication date: April 06, 2015.

UFCS Company Profile

United Fire Group, Inc., incorporated on May 18, 2011, provides insurance protection for individuals and businesses. The Firm is engaged in the business of writing property and casualty insurance, and life insurance, and selling annuities through a network of independent agencies. The Company’s divisions include property and casualty insurance, and life insurance. The property and casualty insurance segment is engaged in writing both commercial and personal lines of property and casualty insurance. The life insurance segment includes the activities of United Life Insurance Company, a subsidiary of the Company. The Company’s insurance firm subsidiaries are licensed as a property and casualty insurer in over 50 states and the District of Columbia, and as a life insurer in approximately 40 states.

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