XTX Topco Ltd Invests $369,000 in United Fire Group, Inc. (NASDAQ:UFCS)

XTX Topco Ltd acquired a new stake in United Fire Group, Inc. (NASDAQ:UFCS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,984 shares of the insurance provider's stock, valued at approximately $369,000. XTX Topco Ltd owned 0.05% of United Fire Group at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in United Fire Group during the fourth quarter worth about $27,000. Globeflex Capital L P acquired a new stake in United Fire Group during the 4th quarter worth approximately $119,000. KLP Kapitalforvaltning AS acquired a new stake in United Fire Group during the 4th quarter worth approximately $131,000. Maryland State Retirement & Pension System acquired a new position in shares of United Fire Group in the fourth quarter worth $203,000. Finally, Yousif Capital Management LLC acquired a new position in shares of United Fire Group in the fourth quarter worth $231,000. Institutional investors and hedge funds own 62.68% of the company's stock.

Insider Buying and Selling

In other news, Director James Noyce acquired 2,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $26.97 per share, with a total value of $53,940.00. Following the completion of the acquisition, the director now owns 27,316 shares of the company's stock, valued at $736,712.52. The trade was a 7.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $70,825.00. Following the transaction, the director now owns 441,863 shares in the company, valued at approximately $12,517,978.79. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.99% of the stock is owned by company insiders.

United Fire Group Price Performance

NASDAQ:UFCS opened at $27.46 on Wednesday. The firm has a market capitalization of $697.29 million, a PE ratio of 11.54 and a beta of 0.33. The business's fifty day moving average price is $27.65 and its 200 day moving average price is $26.45. United Fire Group, Inc. has a 12 month low of $18.04 and a 12 month high of $31.70.

United Fire Group (NASDAQ:UFCS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.25 earnings per share for the quarter, topping 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 anticipate that United Fire Group, Inc. will post 2.42 EPS for the current year.

United Fire Group Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Friday, March 7th. United Fire Group's payout ratio is 26.89%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UFCS. Piper Sandler lifted their target price on 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 for the company in a research report on Wednesday, March 5th. Finally, StockNews.com upgraded shares of United Fire Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 12th.

United Fire Group Profile

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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