Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of United Fire Group, Inc. (NASDAQ:UFCS - Free Report) by 126.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,324 shares of the insurance provider's stock after purchasing an additional 66,676 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.47% of United Fire Group worth $2,497,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Systematic Financial Management LP grew its holdings in shares of United Fire Group by 11.6% during the 2nd quarter. Systematic Financial Management LP now owns 437,584 shares of the insurance provider's stock valued at $9,404,000 after purchasing an additional 45,405 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of United Fire Group during the second quarter worth $4,770,000. Price T Rowe Associates Inc. MD lifted its stake in shares of United Fire Group by 2.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,986 shares of the insurance provider's stock valued at $915,000 after acquiring an additional 1,071 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of United Fire Group in the 3rd quarter valued at $761,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of United Fire Group during the 1st quarter valued at $202,000. Institutional investors and hedge funds own 62.68% of the company's stock.
United Fire Group Stock Up 1.9 %
Shares of NASDAQ UFCS traded up $0.58 during trading on Monday, reaching $30.47. The company had a trading volume of 252,005 shares, compared to its average volume of 109,493. United Fire Group, Inc. has a 12 month low of $18.04 and a 12 month high of $31.14. The stock has a market cap of $772.17 million, a P/E ratio of 15.71 and a beta of 0.37. The company's fifty day moving average price is $21.79 and its 200-day moving average price is $21.42.
United Fire Group (NASDAQ:UFCS - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.60. The firm had revenue of $322.96 million during the quarter, compared to analyst estimates of $306.80 million. United Fire Group had a net margin of 4.15% and a return on equity of 6.75%. During the same quarter last year, the business earned $0.31 EPS. As a group, equities analysts predict that United Fire Group, Inc. will post 1.84 earnings per share for the current year.
United Fire Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, November 29th. United Fire Group's dividend payout ratio is 32.99%.
Analyst Ratings Changes
A number of brokerages have issued reports on UFCS. StockNews.com raised United Fire Group from a "hold" rating to a "buy" rating in a report on Friday, October 4th. Piper Sandler upgraded shares of United Fire Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $19.00 to $26.00 in a research report on Monday, November 18th.
View Our Latest Stock Report on UFCS
United Fire Group Company Profile
(
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.
Featured Stories
Before you consider United Fire Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Fire Group wasn't on the list.
While United Fire Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
