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UFCS United Fire

United Fire Group, Inc. is a holding company, which engages in the business of writing property, casualty insurance, life insurance, and selling annuities through a network of independent agencies. It offers insurance protection for businesses and individuals through a select group of independent insurance agents. The company was founded in January 1946 and is headquartered in Cedar Rapids, IA.

Company profile

Ticker
UFCS
Exchange
CEO
Randy A. Ramlo
Employees
Location
Fiscal year end
Former names
UNITED FIRE & CASUALTY CO
SEC CIK
IRS number
452302834

UFCS stock data

(
)

Investment data

Data from SEC filings
Top 50 of 98 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$19.51M 418.68K 518.68K -19.3
$16.42M 150K 150K 0
$13.72M 157.02K 157.02K 0
$10.58M 76K 76K 0
$8.08M 38K 38K 0
$7.67M 125.52K 200.52K -37.4
$7.34M 57.74K 57.74K 0
$6.19M 205.09K 205.09K 0
$6.05M 66.06K 66.06K 0
$6M 90K 90K 0
$5.98M 38K 42.12K -9.8
$5.38M 20K 20K 0
$5.02M 254.69K 329.69K -22.7
$5M 22K 22K 0
$4.24M 140K 140K 0
$4.12M 80K 80K 0
$4.03M 56.67K 56.67K 0
$3.41M 23K 23K 0
$3.34M 15K 15K 0
$3.15M 56.67K 56.67K 0
$2.97M 275K 275K 0
$2.93M 25K 25K 0
$2.92M 101.66K 101.66K 0
$2.73M 17K 17K 0
$2.66M 5.63K 5.63K 0
$2.55M 43.43K 43.43K 0
$2.33M 72.91K 72.91K 0
$2.27M 18K 18K 0
$2.19M 56.67K 56.67K 0
$1.99M 40K 40K 0
$1.89M 160.14K 160.14K 0
$1.7M 12K 12K 0
$1.65M 40K 40K 0
$1.62M 46K 46K 0
$1.47M 40K 40K 0
$1.47M 6K 6K 0
$1.38M 9.76K 9.76K 0
$1.28M 10.32K 10.32K 0
$1.27M 5.35K 5.35K 0
$1.13M 8K 8K 0
$1.07M 5K 5K 0
$1.04M 5K 5K 0
$1.03M 12K 12K 0
$1.01M 12.6K 12.6K 0
$972K 45.77K 45.77K 0
$868K 22.2K 22.2K 0
$824K 3.71K 3.71K 0
$786K 36K 36K 0
$779K 7.72K 7.72K 0
$744K 5K 5K 0
Holdings list only includes long positions. Only includes long positions.

Calendar

26 Feb 21
21 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from United Fire earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 87.95M 87.95M 87.95M 87.95M 87.95M 87.95M
Cash burn (monthly) 3.89M 2.73M 4.51M 14.13M (positive/no burn) (positive/no burn)
Cash used (since last report) 14.38M 10.11M 16.68M 52.28M n/a n/a
Cash remaining 73.57M 77.84M 71.26M 35.67M n/a n/a
Runway (months of cash) 18.9 28.5 15.8 2.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Feb 21 Dawn M Jaffray Common Stock Payment of exercise Dispose F No No 29.74 499 14.84K 30,237
23 Feb 21 Dawn M Jaffray Common Stock Payment of exercise Dispose F No No 29.74 839 24.95K 30,736
23 Feb 21 Dawn M Jaffray Common Stock Grant Aquire A No No 0 2,512 0 31,575
23 Feb 21 Neal R Scharmer Common Stock Payment of exercise Dispose F No No 29.74 299 8.89K 18,345.667
23 Feb 21 Neal R Scharmer Common Stock Payment of exercise Dispose F No No 29.74 448 13.32K 18,644.667
23 Feb 21 Neal R Scharmer Common Stock Grant Aquire A No No 0 1,254 0 19,092.667
23 Feb 21 Michael T Wilkins Common Stock Payment of exercise Dispose F No No 29.74 825 24.54K 44,271
23 Feb 21 Michael T Wilkins Common Stock Payment of exercise Dispose F No No 29.74 502 14.93K 45,096
23 Feb 21 Michael T Wilkins Common Stock Grant Aquire A No No 0 2,512 0 45,598
23 Feb 21 Randy A. Ramlo Common Stock Payment of exercise Dispose F No No 29.74 1,832 54.48K 77,267.233

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

62.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 118 117 +0.9%
Opened positions 13 11 +18.2%
Closed positions 12 13 -7.7%
Increased positions 44 38 +15.8%
Reduced positions 36 43 -16.3%
13F shares
Current Prev Q Change
Total value 555.24M 828.77M -33.0%
Total shares 15.65M 15.03M +4.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 3.35M $84M +1.3%
Vanguard 2.35M $58.92M +3.4%
Dimensional Fund Advisors 1.76M $44.29M -3.7%
Earnest Partners 1.66M $41.61M +4.3%
STT State Street 695.9K $17.47M +2.4%
NTRS Northern Trust 579.81K $14.55M -2.3%
Norges Bank 372.39K $9.35M NEW
New York State Common Retirement Fund 340.82K $8.55M -0.9%
Systematic Financial Management 323.31K $8.12M -3.8%
Geode Capital Management 322.93K $8.11M -2.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 372.39K +372.39K NEW
Royce & Associates 244.18K +233.67K +2223.3%
Renaissance Technologies 124.24K -112.32K -47.5%
Assenagon Asset Management 0 -109.59K EXIT
Parametric Portfolio Associates 142.68K +96.83K +211.2%
Healthcare Of Ontario Pension Plan Trust Fund 96.4K +96.4K NEW
BK Bank Of New York Mellon 240.44K -78.71K -24.7%
Vanguard 2.35M +77.57K +3.4%
Earnest Partners 1.66M +68.48K +4.3%
WFC Wells Fargo & Co. 264.93K +68K +34.5%

Financial report summary

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Risks
  • The occurrence, frequency and severity of catastrophe losses are unpredictable and may adversely affect our results of operations, liquidity and financial condition.
  • Our reserves for property and casualty insurance losses and loss settlement expenses are based on estimates and may be inadequate, adversely impacting our financial results.
  • Our geographic concentration ties our performance to the business, economic and regulatory conditions of certain states.
  • Unauthorized data access, cyber attacks and other security breaches could have an adverse impact on our business and reputation.
  • Conditions in the global capital markets and the economy generally may weaken materially and adversely affect our business and results of operations.
  • The effects of emerging claim and coverage issues and class action litigation on our business are uncertain.
  • We are subject to certain risks related to our investment portfolio that could negatively affect our profitability.
  • Our success depends primarily on our ability to underwrite risks effectively and adequately price the risks we underwrite.
  • The cyclical nature of the property and casualty insurance industry may affect our financial performance.
  • A downgrade or a potential downgrade in our financial strength or issuer credit ratings could result in a loss of business and could have a material adverse effect on our financial condition and results of operations.
  • We are exposed to credit risk in certain areas of our operations.
  • We are subject to comprehensive laws and regulations, changes to which may have an adverse effect on our financial condition and results of operations.
  • Market conditions may affect our access to and the cost of reinsurance and our reinsurers may not pay losses in a timely manner, or at all.
  • We face significant competitive pressures in our business that could cause demand for our products to fall or hinder our ability to introduce new products or services and keep pace with advances in technology, reducing our revenue and profitability.
  • Our business depends on the uninterrupted operations of our facilities, systems and business functions.
  • Adverse capital and credit market conditions may significantly affect our ability to meet liquidity needs, as well as our access to and the cost of capital.
  • We may experience difficulty in integrating future acquisitions to our operations.
  • The exclusions and limitations in our policies may not be enforceable.
  • The determination of the amount of impairments taken on our investments requires estimates and assumptions which are subject to differing interpretations and could materially impact our results of operations or financial position.
  • Certain provisions of our organizational documents, as well as applicable insurance laws, could impede an attempt to replace or remove our management or members of our Board of Directors, prevent the sale of the Company or prevent or frustrate any attempt by shareholders to change the direction of the Company, each of which could diminish the value of our common stock.
  • The ability of our subsidiaries to pay dividends may affect our liquidity and ability to meet our obligations.
  • Our internal controls are not fail-safe.
Content analysis
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Uncertain
Constraining
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Readability
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