Union Pacific Stock Rises Amid Institutional Changes

Factory Mutual Insurance Co. reduced its stake in Union Pacific by 1.3% in Q3, now holding 187,850 shares worth $46,301,000. Union Pacific’s stock traded up $3.49 to $242.31. The company reported Q2 earnings of $2.74 per share, beating estimates. Union Pacific increased its quarterly dividend to $1.34 per share. Insider trading activity included sales by executives. Analysts maintain a “Moderate Buy” rating with an average target price of $259.50. Union Pacific operates in the railroad business, offering transportation services for various products across the United States.