United Fire Group, Inc (UFCS) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. raised its position in shares of United Fire Group, Inc (NASDAQ:UFCS) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,003 shares of the insurance provider’s stock after acquiring an additional 9,877 shares during the quarter. Macquarie Group Ltd. owned approximately 0.95% of United Fire Group worth $10,530,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of United Fire Group by 42,903.1% during the first quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock valued at $102,887,000 after acquiring an additional 2,399,998 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of United Fire Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 1,867,924 shares of the insurance provider’s stock valued at $79,890,000 after acquiring an additional 135,228 shares during the last quarter. Northern Trust Corp raised its holdings in shares of United Fire Group by 1.2% during the second quarter. Northern Trust Corp now owns 608,221 shares of the insurance provider’s stock valued at $26,798,000 after acquiring an additional 7,205 shares during the last quarter. State Street Corp raised its holdings in shares of United Fire Group by 5.2% during the first quarter. State Street Corp now owns 502,290 shares of the insurance provider’s stock valued at $21,485,000 after acquiring an additional 24,742 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of United Fire Group by 1.0% during 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 acquiring an additional 3,399 shares during the last quarter. 58.23% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the company. BidaskClub cut United Fire Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Sandler O’Neill upgraded United Fire Group from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $47.00 in a research report on Friday, September 22nd.

TRADEMARK VIOLATION NOTICE: “United Fire Group, Inc (UFCS) Shares Bought by Macquarie Group Ltd.” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/15/united-fire-group-inc-ufcs-shares-bought-by-macquarie-group-ltd.html.

Shares of United Fire Group, Inc (NASDAQ:UFCS) opened at 46.43 on Friday. The stock has a 50 day moving average price of $43.72 and a 200-day moving average price of $43.55. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.50 and a beta of 0.75. United Fire Group, Inc has a 52-week low of $37.54 and a 52-week high of $50.75.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. The

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of United Fire Group by 42,903.1% during the first quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock valued at $102,887,000 after acquiring an additional 2,399,998 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of United Fire Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 1,867,924 shares of the insurance provider’s stock valued at $79,890,000 after acquiring an additional 135,228 shares during the last quarter. Northern Trust Corp raised its holdings in shares of United Fire Group by 1.2% during the second quarter. Northern Trust Corp now owns 608,221 shares of the insurance provider’s stock valued at $26,798,000 after acquiring an additional 7,205 shares during the last quarter. State Street Corp raised its holdings in shares of United Fire Group by 5.2% during the first quarter. State Street Corp now owns 502,290 shares of the insurance provider’s stock valued at $21,485,000 after acquiring an additional 24,742 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of United Fire Group by 1.0% during 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 acquiring an additional 3,399 shares during the last quarter. 58.23% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the company. BidaskClub cut United Fire Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Sandler O’Neill upgraded United Fire Group from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $47.00 in a research report on Friday, September 22nd.

TRADEMARK VIOLATION NOTICE: “United Fire Group, Inc (UFCS) Shares Bought by Macquarie Group Ltd.” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/15/united-fire-group-inc-ufcs-shares-bought-by-macquarie-group-ltd.html.

Shares of United Fire Group, Inc (NASDAQ:UFCS) opened at 46.43 on Friday. The stock has a 50 day moving average price of $43.72 and a 200-day moving average price of $43.55. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.50 and a beta of 0.75. United Fire Group, Inc has a 52-week low of $37.54 and a 52-week high of $50.75.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. The company had revenue of $284.30 million for the quarter. On average, equities research analysts predict that United Fire Group, Inc will post $1.60 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.41%. United Fire Group’s dividend payout ratio is currently 61.20%.

United Fire Group 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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