Can United Fire Group, Inc. (UFCS)’s Tomorrow be Different? The Stock Formed a Bearish Double Bottom Pattern

February 15, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.27, from 1.14 in 2017Q2. It worsened, as 8 investors sold United Fire Group, Inc. shares while 47 reduced holdings. 15 funds opened positions while 33 raised stakes. 14.40 million shares or 0.37% less from 14.45 million shares in 2017Q2 were reported.
Thompson Davis And Communication reported 663 shares stake. Teachers Retirement Of The State Of Kentucky owns 8,600 shares. Sector Pension Board accumulated 13,661 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,060 shares. 107,851 are owned by Tiaa Cref Mgmt Limited. 41,886 were accumulated by Thrivent Fincl For Lutherans. Bridgeway Capital reported 139,700 shares. Blackrock Inc invested in 0.01% or 2.38 million shares. Nationwide Fund Advsrs owns 21,039 shares. Macquarie Grp Limited has 0.02% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 271,804 shares. National Bank Of America De has 169,968 shares for 0% of their portfolio. Connable Office has 0.06% invested in United Fire Group, Inc. (NASDAQ:UFCS). Raymond James Associate reported 0% in United Fire Group, Inc. (NASDAQ:UFCS). Swiss State Bank accumulated 35,200 shares. New York-based Alliancebernstein Limited Partnership has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS).

The chart of United Fire Group, Inc. (UFCS) shows a double bottom with $42.05 target or 5.00 % below today’s $44.26 share price. The 8 months chart pattern indicates high risk for the $1.10B company. It was reported on Feb, 15 by Finviz.com. If the $42.05 price target is reached, the company will be worth $55.05 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 6.95% or $2.88 during the last trading session, reaching $44.26. About 141,959 shares traded or 132.57% up from the average. United Fire Group, Inc. (NASDAQ:UFCS) has risen 4.42% since February 15, 2017 and is uptrending. It has underperformed by 12.28% the S&P500.

More important recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Globenewswire.com which released: “United Fire Group, Inc. Reaches Definitive Agreement to Sell its Subsidiary …” on September 19, 2017, also Globenewswire.com published article titled: “United Fire Group, Inc. Reports Fourth Quarter and Year End 2017 Results”, Globenewswire.com published: “United Fire Group, Inc. Reports Third Quarter 2017 Results” on November 08, 2017. More interesting news about United Fire Group, Inc. (NASDAQ:UFCS) was released by: Marketwatch.com and their article: “United Fire Group Inc.” with publication date: September 29, 2017.

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