Stock price could move for various, who-knows-why-reasons. I think investors realize UFCS has been undervalued for quite sometime. But, in order for UFCS, to trade reasonably above book value, they must really demonstrate better results rather than receiving a liftoff from vastly improved premium increases. We'll see.
UFCS is in ZACKS recent "value" stock list as a buy recommend. I put in a limit order premarket today for $29.47 ($-.50) off close price of $29.97 on 9/19 as UFCS has dipped anywhere between $1.00 and $.50 the last couple of days before advancing. But, don't know if that will be the case today? We will see.