GAMMA Investing LLC Grows Stock Position in United Fire Group, Inc (NASDAQ:UFCS)

GAMMA Investing LLC increased its stake in United Fire Group, Inc (NASDAQ:UFCS - Free Report) by 10,805.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,152 shares of the insurance provider's stock after acquiring an additional 38,793 shares during the quarter. GAMMA Investing LLC owned about 0.15% of United Fire Group worth $1,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UFCS. NewEdge Advisors LLC bought a new position in United Fire Group in the 4th quarter worth about $60,000. Aquatic Capital Management LLC grew its position in shares of United Fire Group by 716.3% during the fourth quarter. Aquatic Capital Management LLC now owns 2,449 shares of the insurance provider's stock worth $70,000 after purchasing an additional 2,149 shares in the last quarter. Globeflex Capital L P purchased a new position in United Fire Group in the fourth quarter worth about $119,000. KLP Kapitalforvaltning AS purchased a new position in United Fire Group in the 4th quarter worth about $131,000. Finally, State of Wyoming bought a new position in shares of United Fire Group in the 4th quarter worth $177,000. Institutional investors own 62.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UFCS shares. Wall Street Zen raised shares of United Fire Group from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Jones Trading reaffirmed a "buy" rating and issued a $32.00 price objective on shares of United Fire Group in a report on Monday, May 12th.

United Fire Group Trading Up 0.7%

United Fire Group stock traded up $0.19 during mid-day trading on Tuesday, hitting $28.48. 115,055 shares of the company's stock were exchanged, compared to its average volume of 126,745. United Fire Group, Inc has a 1-year low of $18.04 and a 1-year high of $31.70. The stock has a 50 day moving average of $27.85 and a two-hundred day moving average of $27.80. The stock has a market cap of $724.82 million, a P/E ratio of 10.52 and a beta of 0.51.

United Fire Group (NASDAQ:UFCS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.08. The company had revenue of $308.41 million during the quarter, compared to analysts' expectations of $336.18 million. United Fire Group had a return on equity of 9.01% and a net margin of 5.13%. As a group, research analysts predict that United Fire Group, Inc will post 2.42 EPS for the current fiscal year.

United Fire Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.16 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a yield of 2.25%. United Fire Group's dividend payout ratio (DPR) is presently 25.30%.

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.