Integrated Quantitative Investments LLC Takes $947,000 Position in United Fire Group, Inc. (NASDAQ:UFCS)

Integrated Quantitative Investments LLC bought a new position in United Fire Group, Inc. (NASDAQ:UFCS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,295 shares of the insurance provider's stock, valued at approximately $947,000. Integrated Quantitative Investments LLC owned about 0.13% of United Fire Group at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UFCS. Hotchkis & Wiley Capital Management LLC purchased a new stake in United Fire Group in the 3rd quarter worth about $2,740,000. JPMorgan Chase & Co. increased its stake in shares of United Fire Group by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 177,877 shares of the insurance provider's stock worth $5,061,000 after purchasing an additional 78,254 shares in the last quarter. American Century Companies Inc. raised its position in shares of United Fire Group by 87.6% in the fourth quarter. American Century Companies Inc. now owns 142,996 shares of the insurance provider's stock valued at $4,068,000 after purchasing an additional 66,756 shares during the period. Trexquant Investment LP purchased a new stake in shares of United Fire Group during the 4th quarter valued at approximately $1,483,000. Finally, Systematic Financial Management LP boosted its holdings in United Fire Group by 11.0% in the 3rd quarter. Systematic Financial Management LP now owns 485,633 shares of the insurance provider's stock worth $10,164,000 after buying an additional 48,049 shares during the period. 62.68% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Dee Ann Mcintyre sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $27.31, for a total value of $68,275.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Noyce bought 2,000 shares of United Fire Group stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average cost of $26.97 per share, for a total transaction of $53,940.00. Following the acquisition, the director now owns 27,316 shares in the company, valued at $736,712.52. The trade was a 7.90 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.99% of the company's stock.

United Fire Group Trading Down 0.0 %

Shares of United Fire Group stock traded down $0.00 during trading on Wednesday, hitting $25.73. The stock had a trading volume of 36,622 shares, compared to its average volume of 124,567. The firm has a market cap of $653.03 million, a price-to-earnings ratio of 10.72 and a beta of 0.33. United Fire Group, Inc. has a 12 month low of $18.04 and a 12 month high of $31.70. The business's 50-day moving average is $27.31 and its 200 day moving average is $26.01.

United Fire Group (NASDAQ:UFCS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.64. United Fire Group had a return on equity of 8.84% and a net margin of 4.94%. As a group, equities analysts expect that United Fire Group, Inc. will post 2.42 EPS for the current year.

United Fire Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, March 7th. United Fire Group's payout ratio is 26.89%.

Analyst Ratings Changes

A number of brokerages have issued reports on UFCS. Piper Sandler boosted their target price on shares of United Fire Group from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Jones Trading raised United Fire Group to a "strong-buy" rating and set a $32.00 price objective on the stock in a report on Wednesday, March 5th. Finally, StockNews.com raised United Fire Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 12th.

About United Fire Group

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.