United Fire Group, Inc. (NASDAQ:UFCS - Get Free Report) major shareholder Dee Ann Mcintyre sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $27.31, for a total transaction of $68,275.00. Following the sale, the insider now owns 446,863 shares in the company, valued at approximately $12,203,828.53. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
United Fire Group Trading Up 0.2 %
United Fire Group stock opened at $28.59 on Friday. The firm has a 50-day moving average price of $26.53 and a 200-day moving average price of $24.61. The firm has a market capitalization of $725.64 million, a PE ratio of 12.01 and a beta of 0.53. United Fire Group, Inc. has a 12-month low of $18.04 and a 12-month high of $31.70.
United Fire Group (NASDAQ:UFCS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.25 EPS for the quarter, beating the consensus estimate of $0.61 by $0.64. United Fire Group had a net margin of 4.94% and a return on equity of 8.84%. As a group, sell-side analysts predict that United Fire Group, Inc. will post 2.42 earnings per share for the current fiscal year.
United Fire Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, March 7th. United Fire Group's dividend payout ratio is presently 26.89%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of United Fire Group from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Jones Trading upgraded shares of United Fire Group to a "strong-buy" rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of United Fire Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 12th.
View Our Latest Stock Report on UFCS
Institutional Trading of United Fire Group
Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of United Fire Group by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,405,320 shares of the insurance provider's stock valued at $39,981,000 after acquiring an additional 55,616 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of United Fire Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,350,237 shares of the insurance provider's stock valued at $38,414,000 after purchasing an additional 16,588 shares during the period. State Street Corp lifted its stake in shares of United Fire Group by 2.2% in the 3rd quarter. State Street Corp now owns 821,566 shares of the insurance provider's stock valued at $17,195,000 after purchasing an additional 17,415 shares during the period. Systematic Financial Management LP lifted its stake in shares of United Fire Group by 13.7% in the 4th quarter. Systematic Financial Management LP now owns 552,194 shares of the insurance provider's stock valued at $15,710,000 after purchasing an additional 66,561 shares during the period. Finally, Geode Capital Management LLC raised its position in United Fire Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 502,232 shares of the insurance provider's stock worth $10,514,000 after acquiring an additional 2,925 shares during the period. 62.68% of the stock is owned by hedge funds and other institutional investors.
About United Fire Group
(
Get Free Report)
United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers' compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
