Dee Ann Mcintyre Sells 2,500 Shares of United Fire Group, Inc. (NASDAQ:UFCS) Stock

United Fire Group, Inc. (NASDAQ:UFCS) major shareholder Dee Ann Mcintyre sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $27.31, for a total value of $68,275.00. Following the sale, the insider now owns 446,863 shares of the company’s stock, valued at $12,203,828.53. The trade was a 0.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

United Fire Group Stock Down 2.2 %

NASDAQ UFCS opened at $27.96 on Friday. United Fire Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $31.70. The business has a 50 day moving average price of $26.52 and a two-hundred day moving average price of $24.64. The stock has a market cap of $709.65 million, a PE ratio of 11.75 and a beta of 0.45.

United Fire Group (NASDAQ:UFCS) last announced its 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 net margin of 4.94% and a return on equity of 8.84%. Sell-side analysts anticipate that United Fire Group, Inc. will post 2.42 EPS for the current fiscal year.

United Fire Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 2.29%. United Fire Group’s dividend payout ratio is presently 26.89%.

Institutional Trading of United Fire Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in United Fire Group by 5.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,251 shares of the insurance provider’s stock valued at $1,031,000 after purchasing an additional 1,769 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of United Fire Group during the 4th quarter valued at approximately $354,000. State of Wyoming acquired a new stake in shares of United Fire Group during the fourth quarter worth approximately $177,000. Systematic Financial Management LP increased its stake in shares of United Fire Group by 13.7% in the fourth quarter. Systematic Financial Management LP now owns 552,194 shares of the insurance provider’s stock worth $15,710,000 after buying an additional 66,561 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in United Fire Group by 21.2% in the fourth quarter. Point72 Asset Management L.P. now owns 6,558 shares of the insurance provider’s stock valued at $187,000 after acquiring an additional 1,147 shares in the last quarter. 62.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on UFCS. Piper Sandler boosted their price objective on shares of United Fire Group from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Jones Trading raised shares of United Fire Group to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Wednesday. Finally, StockNews.com upgraded United Fire Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.

United Fire Group Company 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.