GSA Capital Partners LLP Has $1.78 Million Position in United Fire Group, Inc. (NASDAQ:UFCS)

GSA Capital Partners LLP raised its position in shares of United Fire Group, Inc. (NASDAQ:UFCS) by 12.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 84,851 shares of the insurance provider’s stock after acquiring an additional 9,704 shares during the period. GSA Capital Partners LLP’s holdings in United Fire Group were worth $1,776,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of United Fire Group by 66.0% in the first quarter. BNP Paribas Financial Markets now owns 18,986 shares of the insurance provider’s stock worth $413,000 after acquiring an additional 7,549 shares during the last quarter. Empowered Funds LLC increased its stake in shares of United Fire Group by 8.2% in the first quarter. Empowered Funds LLC now owns 62,592 shares of the insurance provider’s stock worth $1,363,000 after acquiring an additional 4,725 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of United Fire Group in the first quarter worth $257,000. UniSuper Management Pty Ltd acquired a new position in shares of United Fire Group in the first quarter worth $265,000. Finally, Quadrature Capital Ltd acquired a new position in shares of United Fire Group in the first quarter worth $251,000. 62.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UFCS shares. StockNews.com raised shares of United Fire Group from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Piper Sandler dropped their price target on shares of United Fire Group from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, August 8th.

United Fire Group Trading Down 0.5 %

Shares of NASDAQ:UFCS opened at $25.36 on Wednesday. The stock has a market capitalization of $642.62 million, a PE ratio of 13.07 and a beta of 0.37. United Fire Group, Inc. has a 1 year low of $18.04 and a 1 year high of $25.72. The firm has a fifty day moving average price of $20.68 and a 200 day moving average price of $21.17.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.60. The firm had revenue of $322.96 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.31 earnings per share. On average, sell-side analysts forecast that United Fire Group, Inc. will post 1.1 earnings per share for the current fiscal year.

United Fire Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 30th. United Fire Group’s dividend payout ratio is presently 32.99%.

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.