1 day Ago By ABMN Staff
Marshall Wace LLP lowered its stake in United Fire Group, Inc. ( NASDAQ:UFCS – Free Report ) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 42,591 shares of the insurance provider’s stock after selling 13,237 shares during the period. Marshall Wace LLP’s holdings in United Fire Group were worth $1,212,000 as of its most recent filing with the SEC. Several other institutional investors also recently modified their holdings of UFCS.
JPMorgan Chase & Co. increased its holdings in shares of United Fire Group by 78.6% in the fourth quarter.
JPMorgan Chase & Co. now owns 177,877 shares of the insurance provider’s stock valued at $5,061,000 after buying an additional 78,254 shares in the last quarter. American Century Companies Inc.
increased its holdings in shares of United Fire Group by 87.6% in the fourth quarter. American Century Companies Inc.
now owns 142,996 shares of the insurance provider’s stock valued at $4,068,000 after buying an additional 66,756 shares in the last quarter. Barclays PLC increased its holdings in shares of United Fire Group by 122.4% in the fourth quarter.
Barclays PLC now owns 98,712 shares of the insurance provider’s stock valued at $2,809,000 after buying an additional 54,332 shares in the last quarter. Trexquant Investment LP bought a new position in shares of United Fire Group in the fourth quarter valued at $1,483,000. Finally, Raymond James Financial Inc.
bought a new position in shares of United Fire Group in the fourth quarter valued at $980,000. Institutional investors own 62.68% of the company’s stock.
Analyst Ratings Changes Several research analysts have issued reports on UFCS shares. StockNews.com raised United Fire Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.
Jones Trading raised shares of United Fire Group to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, March 5th. Finally, Piper Sandler boosted their target price on shares of United Fire Group from $26.
00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Insider Activity In related news, Director Christopher R.
Drahozal sold 2,500 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $28.33, for a total value of $70,825.
00. Following the completion of the sale, the director now directly owns 441,863 shares in the company, valued at approximately $12,517,978.79.
This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link .
Also, Director James Noyce acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average price of $26.97 per share, with a total value of $53,940.
00. Following the completion of the acquisition, the director now directly owns 27,316 shares of the company’s stock, valued at $736,712.52.
This represents a 7.90 % increase in their position. The disclosure for this purchase can be found here .
6.12% of the stock is currently owned by corporate insiders. United Fire Group Stock Up 0.
8 % Shares of NASDAQ:UFCS opened at $28.05 on Wednesday. The company’s fifty day moving average is $27.
78 and its two-hundred day moving average is $26.74. United Fire Group, Inc.
has a 12-month low of $18.04 and a 12-month high of $31.70.
The company has a market cap of $712.27 million, a P/E ratio of 11.79 and a beta of 0.
33. United Fire Group ( NASDAQ:UFCS – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.
25 EPS 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%.
Equities research analysts anticipate that United Fire Group, Inc. will post 2.42 earnings per share for the current year.
United Fire Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.16 per share.
This represents a $0.64 annualized dividend and a dividend yield of 2.28%.
The ex-dividend date of this dividend was Friday, March 7th. United Fire Group’s dividend payout ratio is currently 26.89%.
About United Fire Group ( 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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