United Fire Group, Inc. (NASDAQ:UFCS - Get Free Report) Director Christopher R. Drahozal sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $28.33, for a total value of $70,825.00. Following the transaction, the director now owns 441,863 shares in the company, valued at approximately $12,517,978.79. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
United Fire Group Price Performance
Shares of NASDAQ:UFCS traded down $0.78 during trading on Monday, reaching $27.18. 125,749 shares of the company's stock traded hands, compared to its average volume of 117,928. The stock has a market capitalization of $689.86 million, a P/E ratio of 11.42 and a beta of 0.45. United Fire Group, Inc. has a 12 month low of $18.04 and a 12 month high of $31.70. The company has a 50 day moving average of $26.51 and a 200-day moving average of $24.76.
United Fire Group (NASDAQ:UFCS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.25 earnings per share (EPS) 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%. Equities research 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 disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 2.35%. United Fire Group's dividend payout ratio (DPR) is presently 26.89%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new position in United Fire Group in the fourth quarter valued at approximately $27,000. NewEdge Advisors LLC bought a new position in United Fire Group in the 4th quarter worth about $60,000. Aquatic Capital Management LLC raised its holdings in shares of United Fire Group by 716.3% during the 4th quarter. Aquatic Capital Management LLC now owns 2,449 shares of the insurance provider's stock valued at $70,000 after buying an additional 2,149 shares in the last quarter. Globeflex Capital L P bought a new position in United Fire Group during the 4th quarter worth approximately $119,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in United Fire Group in the fourth quarter worth $131,000. Institutional investors own 62.68% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on UFCS. Jones Trading raised United Fire Group to a "strong-buy" rating and set a $32.00 price target on the stock in a report on Wednesday, March 5th. StockNews.com raised shares of United Fire Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. Finally, Piper Sandler raised their target price on United Fire Group from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th.
View Our Latest Stock Report on UFCS
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.
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