United Fire Group, Inc.
US ˙ NasdaqGS ˙ US9103401082

SecurityUFCS / United Fire Group, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership256,355 shares
Latest Disclosed Value $ 9,500,567
Morgan Stanley reports 20.46% decrease in ownership of UFCS / United Fire Group, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 256,355 shares of United Fire Group, Inc. (US:UFCS) valued at $9,500,516 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 322,293 shares of United Fire Group, Inc.. This represents a change in shares of -20.46% during the quarter. The current value of the position is $11,225,785 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F UNITED FIRE GROUP COM 910340108 256,355 -65,938 -20.46 9,501 -18.91 0.0006
2026-05-27 2025-12-31 13F/A-1 UNITED FIRE GROUP COM 910340108 322,293 50,450 18.56 11,715 41.67 0.0007
2026-02-13 2025-12-31 13F UNITED FIRE GROUP COM 910340108 322,293 50,450 11,715 0.0007
2026-05-27 2025-09-30 13F/A-1 UNITED FIRE GROUP COM 910340108 271,843 -493 -0.18 8,270 5.80 0.0005
2025-11-14 2025-09-30 13F UNITED FIRE GROUP COM 910340108 271,843 -493 8,270 0.0005
2025-08-15 2025-06-30 13F UNITED FIRE GROUP COM 910340108 272,336 -7,551 -2.70 7,816 -5.20 0.0005
2025-05-15 2025-03-31 13F UNITED FIRE GROUP COM 910340108 279,887 31,173 12.53 8,245 16.54 0.0006
2025-05-15 2024-12-31 13F/A-1 UNITED FIRE GROUP COM 910340108 248,714 -28,329 -10.23 7,076 22.02 0.0005
2025-02-14 2024-12-31 13F UNITED FIRE GROUP COM 910340108 248,714 -28,329 7,076 0.0005
2025-05-14 2024-09-30 13F/A-2 UNITED FIRE GROUP COM 910340108 277,043 -11,632 -4.03 5,799 -6.53 0.0004
2025-02-14 2024-09-30 13F/A-1 UNITED FIRE GROUP COM 910340108 277,043 -11,632 5,799 0.0004
2024-11-14 2024-09-30 13F UNITED FIRE GROUP COM 910340108 277,043 -11,632 5,799 0.0000
2025-05-14 2024-06-30 13F/A-2 UNITED FIRE GROUP COM 910340108 288,675 68,723 31.24 6,204 29.55 0.0005
2024-10-17 2024-06-30 13F/A-1 UNITED FIRE GROUP COM 910340108 288,675 68,723 6,204 0.0005
2024-08-14 2024-06-30 13F UNITED FIRE GROUP COM 910340108 288,675 68,723 6,204 0.0005
2024-10-17 2024-03-31 13F/A-2 UNITED FIRE GROUP COM 910340108 219,952 11,411 5.47 4,788 14.14 0.0004
2024-08-16 2024-03-31 13F/A-1 UNITED FIRE GROUP COM 910340108 219,952 11,411 4,788 0.0000
2024-05-15 2024-03-31 13F UNITED FIRE GROUP COM 910340108 219,952 11,411 4,788 0.0004
2024-08-16 2023-12-31 13F/A-1 UNITED FIRE GROUP COM 910340108 208,541 55,906 36.63 4,196 39.18 0.0004
2024-02-13 2023-12-31 13F UNITED FIRE GROUP COM 910340108 208,541 55,906 4,196 0.0004
2023-11-15 2023-09-30 13F UNITED FIRE GROUP COM 910340108 152,635 -29,862 -16.36 3,015 -27.11 0.0003
2023-08-14 2023-06-30 13F UNITED FIRE GROUP COM 910340108 182,497 -25,502 -12.26 4,135 -25.12 0.0004
2023-05-15 2023-03-31 13F UNITED FIRE GROUP COM 910340108 207,999 -58,230 -21.87 5,522 -24.19 0.0006
2023-02-14 2022-12-31 13F UNITED FIRE GROUP COM 910340108 266,229 -6,635 -2.43 7,284 -7.09 0.0008
2022-11-14 2022-09-30 13F UNITED FIRE GROUP COM 910340108 272,864 -11,222 -3.95 7,840 -19.38 0.0011
2022-10-27 2022-06-30 13F/A-1 UNITED FIRE GROUP COM 910340108 284,086 130,703 85.21 9,725 104.09 0.0013
2022-08-15 2022-06-30 13F UNITED FIRE GROUP COM 910340108 284,086 130,703 9,725 0.0003
2022-10-27 2022-03-31 13F/A-1 UNITED FIRE GROUP COM 910340108 153,383 -4,737 -3.00 4,765 29.94 0.0006
2022-05-13 2022-03-31 13F UNITED FIRE GROUP COM 910340108 153,383 -4,737 4,765 0.0006
2022-02-14 2021-12-31 13F UNITED FIRE GROUP COM 910340108 158,120 44,495 39.16 3,667 39.70 0.0005
2021-11-15 2021-09-30 13F UNITED FIRE GROUP COM 910340108 113,625 5,183 4.78 2,625 -12.73 0.0004
2021-08-23 2021-06-30 13F/A-1 UNITED FIRE GROUP COM 910340108 108,442 -50,480 -31.76 3,008 -45.61 0.0004
2021-08-16 2021-06-30 13F UNITED FIRE GROUP COM 910340108 108,442 -50,480 3,008 0.0001
2021-05-17 2021-03-31 13F UNITED FIRE GROUP COM 910340108 158,922 41,938 35.85 5,530 88.29 0.0008
2021-02-16 2020-12-31 13F UNITED FIRE GROUP COM 910340108 116,984 54,408 86.95 2,937 130.90 0.0005
2020-11-13 2020-09-30 13F UNITED FIRE GROUP COM 910340108 62,576 -93,623 -59.94 1,272 -70.61 0.0002
2020-08-14 2020-06-30 13F UNITED FIRE GROUP COM 910340108 156,199 96,536 161.80 4,328 122.52 0.0010
2020-05-26 2020-03-31 13F/A-1 UNITED FIRE GROUP COM 910340108 59,663 -49,333 -45.26 1,945 -59.19 0.0005
2020-05-15 2020-03-31 13F UNITED FIRE GROUP COM 910340108 59,663 -49,333 1,945 149.4165
2020-02-14 2019-12-31 13F UNITED FIRE GROUP COM 910340108 108,996 30,383 38.65 4,766 29.05 0.0011
2019-11-14 2019-09-30 13F UNITED FIRE GROUP COM 910340108 78,613 -72,927 -48.12 3,693 -49.71 0.0010
2019-08-14 2019-06-30 13F UNITED FIRE GROUP COM 910340108 151,540 86,803 134.09 7,344 159.51 0.0020
2019-05-15 2019-03-31 13F UNITED FIRE GROUP COM 910340108 64,737 23,546 57.16 2,830 23.91 0.0008
2019-02-14 2018-12-31 13F UNITED FIRE GROUP COM 910340108 41,191 -61,571 -59.92 2,284 -56.21 0.0007
2019-04-23 2018-09-30 13F/A-2 UNITED FIRE GROUP COM 910340108 102,762 47,728 86.72 5,216 73.92 0.0013
2018-11-20 2018-09-30 13F/A-1 UNITED FIRE GROUP COM 910340108 102,762 0 5,216 0.0013
2018-11-14 2018-09-30 13F UNITED FIRE GROUP COM 910340108 102,762 47,728 5,216
2019-04-23 2018-06-30 13F/A-1 UNITED FIRE GROUP COM 910340108 55,034 -14,649 -21.02 2,999 -10.07 0.0008
2018-08-14 2018-06-30 13F UNITED FIRE GROUP COM 910340108 55,034 -14,649 2,999
2019-04-23 2018-03-31 13F/A-1 UNITED FIRE GROUP COM 910340108 69,683 14,506 26.29 3,335 32.60 0.0009
2018-05-14 2018-03-31 13F UNITED FIRE GROUP COM 910340108 69,683 14,506 3,335
2019-04-23 2017-12-31 13F/A-1 UNITED FIRE GROUP COM 910340108 55,177 12,701 29.90 2,515 29.17 0.0007
2018-02-14 2017-12-31 13F UNITED FIRE GROUP COM 910340108 55,177 12,701 2,515
2017-11-14 2017-09-30 13F UNITED FIRE GROUP COM 910340108 42,476 -11,755 -21.68 1,947 -18.47 0.0006
2017-08-11 2017-06-30 13F UNITED FIRE GROUP COM 910340108 54,231 221 0.41 2,388 3.42 0.0007
2017-05-22 2017-03-31 13F/A-1 UNITED FIRE GROUP COM 910340108 54,010 -47,449 -46.77 2,309 -53.71 0.0007
2017-05-12 2017-03-31 13F UNITED FIRE GROUP COM 910340108 54,010 2,309
2017-02-22 2016-12-31 13F/A-1 UNITED FIRE GROUP COM 910340108 101,459 4,568 4.71 4,988 21.69 0.0016
2017-02-13 2016-12-31 13F UNITED FIRE GROUP COM 910340108 101,459 4,988
2016-11-10 2016-09-30 13F UNITED FIRE GROUP COM 910340108 96,891 17,211 21.60 4,099 21.24 0.0014
2016-08-12 2016-06-30 13F UNITED FIRE GROUP COM 910340108 79,680 -21,007 -20.86 3,381 -23.37 0.0012
2016-05-12 2016-03-31 13F UNITED FIRE GROUP COM 910340108 100,687 3,370 3.46 4,412 18.35 0.0017
2016-02-09 2015-12-31 13F UNITED FIRE GROUP COM 910340108 97,317 35,289 56.89 3,728 71.56 0.0013
2016-02-08 2015-09-30 13F/A-1 UNITED FIRE GROUP COM 910340108 62,028 35,010 129.58 2,173 145.54 0.0008
2015-11-09 2015-09-30 13F UNITED FIRE GROUP COM 910340108 62,028 2,173
2015-08-12 2015-06-30 13F UNITED FIRE GROUP COM 910340108 27,018 13,777 104.05 885 110.21 0.0003
2015-05-14 2015-03-31 13F UNITED FIRE GROUP COM 910340108 13,241 -12,450 -48.46 421 -44.90 0.0002
2015-02-13 2014-12-31 13F UNITED FIRE GROUP COM 910340108 25,691 -14,220 -35.63 764 -31.05 0.0003
2014-12-16 2014-09-30 13F/A-1 UNITED FIRE GROUP COM 910340108 39,911 -30,480 -43.30 1,108 -48.15 0.0004
2014-11-14 2014-09-30 13F UNITED FIRE GROUP COM 910340108 39,911 1,108
2014-05-13 2014-03-31 13F UNITED FIRE GROUP COM 910340108 70,391 37,656 115.03 2,137 128.07 0.0009
2014-02-13 2013-12-31 13F UNITED FIRE GROUP COM 910340108 32,735 -29,884 -47.72 937 -50.89 0.0004
2013-11-13 2013-09-30 13F UNITED FIRE & CAS CO COM ST COM 910340108 62,619 -65,411 -51.09 1,908 -39.98 0.0009
2013-08-08 2013-06-30 13F UNITED FIRE & CAS CO COM ST COM 910340108 128,030 128,030 3,179 0.0016
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.