United Fire Director’s Stock Sale at Peak Valuation Raises Questions

A director at US insurer United Fire Group has executed a significant share sale precisely as the company’s stock reached its highest point in fifty-two weeks. This transaction occurs against a backdrop of exceptionally strong fundamental performance, prompting market observers to question whether corporate insiders possess concerning information that remains unseen by the broader market.

John Paul E. Besong, a member of United Fire Group’s board, disposed of 2,450 shares on September 18th. The transactions were executed at prices between $32.25 and $32.26 per share, generating proceeds of approximately $79,000. This activity took place merely one day after the equity achieved a new annual peak of $32.22. Following this disposal, Mr. Besong maintains direct ownership of 24,493 shares. This selling pattern aligns with a broader... Read more...