Metropolitan Life Insurance Co. NY Sells 2,762 Shares of United Fire Group, Inc. (UFCS)

  • New York
  • 20/04/2017
Metropolitan Life Insurance Co. NY reduced its stake in shares of United Fire Group, Inc. (NASDAQ:UFCS) by 16.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,222 shares of the insurance providers stock after selling 2,762 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.06% of United Fire Group worth $699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UFCS. Capital One National Association boosted its position in shares of United Fire Group by 2.0% in the third quarter. Capital One National Association now owns 16,838 shares of the insurance providers stock valued at $713,000 after buying an additional 325 shares during the last quarter. First Trust Advisors LP boosted its position in shares of United Fire Group by 15.9% in the third quarter. First Trust Advisors LP now owns 34,052 shares of the insurance providers stock valued at $1,441,000 after buying an additional 4,664 shares during the last quarter. Arizona State Retirement System boosted its position in shares of United Fire Group by 0.9% in the third quarter. Arizona State Retirement System now owns 11,121 shares of the insurance providers stock valued at $471,000 after buying an additional 100 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of United Fire Group during the third quarter valued at about $245,000. Finally, Victory Capital Management Inc. boosted its position in shares of United Fire Group by 27.8% in the third quarter. Victory Capital Management Inc. now owns 2,902 shares of the insurance providers stock valued at $123,000 after buying an additional 632 shares during the last quarter. Institutional investors and hedge funds own 60.23% of the companys stock.

Shares of United Fire Group, Inc. (NASDAQ:UFCS) opened at 42.81 on Thursday. United Fire Group, Inc. has a 52-week low of $37.54 and a 52-week high of $50.75. The company has a 50-day moving average of $42.71 and a 200 day moving average of $44.48. The stock has a market cap of $1.09 billion, a P/E ratio of 22.18 and a beta of 0.40.

WARNING: Metropolitan Life Insurance Co. NY Sells 2,762 Shares of United Fire Group, Inc. (UFCS) was published by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://baseballnewssource.com/markets/united-fire-group-inc-ufcs-shares-sold-by-metropolitan-life-insurance-co-ny-updated/566229.html.

Separately, Keefe, Bruyette & Woods restated a market perform rating and issued a $44.00 target price on shares of United Fire Group in a report on Tuesday, February 28th.

United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. The Company operates in two segments: property and casualty insurance, and life insurance. The Companys property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.

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  • Source: BNS
  • Author: New York
  

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