United Fire Group, Inc. (NASDAQ:UFCS) VP Barrie W. Ernst sold 7,114 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $47.43, for a total value of $337,417.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
United Fire Group, Inc. (NASDAQ:UFCS) opened at $48.91 on Tuesday. The firm has a market capitalization of $1,214.72, a price-to-earnings ratio of 55.41 and a beta of 0.55. United Fire Group, Inc. has a 12 month low of $38.95 and a 12 month high of $49.74.
United Fire Group (NASDAQ:UFCS) last posted its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.41. The company had revenue of $272.70 million for the quarter. United Fire Group had a return on equity of 2.42% and a net margin of 4.58%. During the same period last year, the company earned $0.46 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Tuesday, March 6th. United Fire Group’s dividend payout ratio (DPR) is currently 56.57%.
Several hedge funds have recently bought and sold shares of the company. Advisory Research Inc. bought a new stake in shares of United Fire Group in the 4th quarter valued at $5,804,000. Assenagon Asset Management S.A. bought a new stake in shares of United Fire Group in the 4th quarter valued at $2,754,000. Macquarie Group Ltd. increased its position in shares of United Fire Group by 13.7% in the 3rd quarter. Macquarie Group Ltd. now owns 271,804 shares of the insurance provider’s stock valued at $12,454,000 after buying an additional 32,801 shares in the last quarter. Deutsche Bank AG increased its position in shares of United Fire Group by 61.2% in the 4th quarter. Deutsche Bank AG now owns 75,582 shares of the insurance provider’s stock valued at $3,442,000 after buying an additional 28,688 shares in the last quarter. Finally, Comerica Bank increased its position in shares of United Fire Group by 116.4% in the 4th quarter. Comerica Bank now owns 48,632 shares of the insurance provider’s stock valued at $2,141,000 after buying an additional 26,154 shares in the last quarter. 61.92% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on UFCS shares. BidaskClub downgraded United Fire Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. ValuEngine downgraded United Fire Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sidoti raised United Fire Group from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.33.
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.
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