United Fire Group, Inc. (NASDAQ:UFCS) SVP Micah G. Woolstenhulme Purchases 2,500 Shares

United Fire Group, Inc. (NASDAQ:UFCS) SVP Micah G. Woolstenhulme bought 2,500 shares of the stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $19.20 per share, with a total value of $48,000.00. Following the purchase, the senior vice president now owns 39,940 shares of the company’s stock, valued at approximately $766,848. This represents a 6.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Fire Group Stock Performance

Shares of UFCS opened at $26.90 on Friday. United Fire Group, Inc. has a one year low of $18.04 and a one year high of $31.70. The stock has a 50-day moving average price of $28.59 and a 200 day moving average price of $23.35. The company has a market capitalization of $681.65 million, a P/E ratio of 13.87 and a beta of 0.54.

United Fire Group (NASDAQ:UFCS) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.60. United Fire Group had a net margin of 4.15% and a return on equity of 6.75%. The business had revenue of $322.96 million during the quarter, compared to the consensus estimate of $306.80 million. During the same quarter last year, the company earned $0.31 earnings per share. As a group, equities research analysts forecast that United Fire Group, Inc. will post 1.84 earnings per share for the current fiscal year.

United Fire Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 2.38%. United Fire Group’s payout ratio is 32.99%.

Institutional Trading of United Fire Group

Several hedge funds and other institutional investors have recently bought and sold shares of UFCS. Barclays PLC grew its position in shares of United Fire Group by 147.8% in the 3rd quarter. Barclays PLC now owns 44,380 shares of the insurance provider’s stock worth $928,000 after acquiring an additional 26,469 shares in the last quarter. State Street Corp boosted its holdings in United Fire Group by 2.2% in the third quarter. State Street Corp now owns 821,566 shares of the insurance provider’s stock worth $17,195,000 after purchasing an additional 17,415 shares during the period. Systematic Financial Management LP increased its stake in United Fire Group by 11.6% during the second 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. Geode Capital Management LLC raised its holdings in shares of United Fire Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 502,232 shares of the insurance provider’s stock worth $10,514,000 after purchasing an additional 2,925 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of United Fire Group in the 3rd quarter worth about $256,000. 62.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UFCS shares. Piper Sandler raised shares of United Fire Group from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $26.00 in a research report on Monday, November 18th. StockNews.com raised shares of United Fire Group from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

About United Fire Group

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.