Citadel Advisors LLC Purchases 6,401 Shares of United Fire Group, Inc (UFCS)

Citadel Advisors LLC boosted its position in United Fire Group, Inc (NASDAQ:UFCS) by 99.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,834 shares of the insurance provider’s stock after buying an additional 6,401 shares during the period. Citadel Advisors LLC owned approximately 0.05% of United Fire Group worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northern Trust Corp boosted its position in United Fire Group by 1.2% in the second quarter. Northern Trust Corp now owns 608,221 shares of the insurance provider’s stock valued at $26,798,000 after buying an additional 7,205 shares during the last quarter. Pinebridge Investments L.P. boosted its position in United Fire Group by 826.6% in the second quarter. Pinebridge Investments L.P. now owns 26,149 shares of the insurance provider’s stock valued at $1,152,000 after buying an additional 23,327 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in United Fire Group in the second quarter valued at approximately $1,352,000. UBS Asset Management Americas Inc. purchased a new stake in United Fire Group in the second quarter valued at approximately $231,000. Finally, New York State Common Retirement Fund boosted its position in United Fire Group by 1.0% in the second quarter. New York State Common Retirement Fund now owns 350,025 shares of the insurance provider’s stock valued at $15,422,000 after buying an additional 3,399 shares during the last quarter. Hedge funds and other institutional investors own 58.23% of the company’s stock.

United Fire Group, Inc (NASDAQ:UFCS) opened at 46.61 on Monday. United Fire Group, Inc has a one year low of $37.54 and a one year high of $50.75. The firm has a market capitalization of $1.17 billion, a P/E ratio of 25.60 and a beta of 0.75. The firm has a 50-day moving average price of $43.14 and a 200-day moving average price of $43.40.

United Fire Group (NASDAQ:UFCS) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The firm had revenue of $284.30 million for the quarter. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. Equities analysts anticipate that United Fire Group, Inc will post $1.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.40%. United Fire Group’s dividend payout ratio is presently 61.20%.

A number of brokerages recently commented on UFCS. BidaskClub lowered United Fire Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Sandler O’Neill raised United Fire Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $46.00 to $47.00 in a report on Friday, September 22nd.

TRADEMARK VIOLATION NOTICE: “Citadel Advisors LLC Purchases 6,401 Shares of United Fire Group, Inc (UFCS)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another web

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northern Trust Corp boosted its position in United Fire Group by 1.2% in the second quarter. Northern Trust Corp now owns 608,221 shares of the insurance provider’s stock valued at $26,798,000 after buying an additional 7,205 shares during the last quarter. Pinebridge Investments L.P. boosted its position in United Fire Group by 826.6% in the second quarter. Pinebridge Investments L.P. now owns 26,149 shares of the insurance provider’s stock valued at $1,152,000 after buying an additional 23,327 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in United Fire Group in the second quarter valued at approximately $1,352,000. UBS Asset Management Americas Inc. purchased a new stake in United Fire Group in the second quarter valued at approximately $231,000. Finally, New York State Common Retirement Fund boosted its position in United Fire Group by 1.0% in the second quarter. New York State Common Retirement Fund now owns 350,025 shares of the insurance provider’s stock valued at $15,422,000 after buying an additional 3,399 shares during the last quarter. Hedge funds and other institutional investors own 58.23% of the company’s stock.

United Fire Group, Inc (NASDAQ:UFCS) opened at 46.61 on Monday. United Fire Group, Inc has a one year low of $37.54 and a one year high of $50.75. The firm has a market capitalization of $1.17 billion, a P/E ratio of 25.60 and a beta of 0.75. The firm has a 50-day moving average price of $43.14 and a 200-day moving average price of $43.40.

United Fire Group (NASDAQ:UFCS) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The firm had revenue of $284.30 million for the quarter. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. Equities analysts anticipate that United Fire Group, Inc will post $1.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.40%. United Fire Group’s dividend payout ratio is presently 61.20%.

A number of brokerages recently commented on UFCS. BidaskClub lowered United Fire Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Sandler O’Neill raised United Fire Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $46.00 to $47.00 in a report on Friday, September 22nd.

TRADEMARK VIOLATION NOTICE: “Citadel Advisors LLC Purchases 6,401 Shares of United Fire Group, Inc (UFCS)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/citadel-advisors-llc-purchases-6401-shares-of-united-fire-group-inc-ufcs.html.

United Fire Group Company Profile

United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. The Company operates in two segments: property and casualty insurance, and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.

Institutional Ownership by Quarter for United Fire Group (NASDAQ:UFCS)

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