United Fire Group, Inc. (NASDAQ:UFCS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of United Fire Group, Inc. (NASDAQ:UFCS - Free Report) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,108 shares of the insurance provider's stock after selling 48,608 shares during the period. Jane Street Group LLC owned 0.10% of United Fire Group worth $714,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 78,254 shares during the period. American Century Companies Inc. raised its holdings in United Fire Group by 87.6% during the 4th quarter. American Century Companies Inc. now owns 142,996 shares of the insurance provider's stock valued at $4,068,000 after acquiring an additional 66,756 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of United Fire Group by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,405,320 shares of the insurance provider's stock valued at $39,981,000 after acquiring an additional 55,616 shares in the last quarter. Barclays PLC lifted its position in United Fire Group by 122.4% during the fourth quarter. Barclays PLC now owns 98,712 shares of the insurance provider's stock valued at $2,809,000 after purchasing an additional 54,332 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of United Fire Group in the 4th quarter worth about $1,483,000. 62.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Fire Group

In related news, major shareholder Dee Ann Mcintyre sold 2,500 shares of United Fire Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $27.31, for a total transaction of $68,275.00. Following the completion of the sale, the insider now owns 446,863 shares in the company, valued at $12,203,828.53. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.12% of the company's stock.

United Fire Group Trading Down 0.7%

Shares of UFCS stock traded down $0.20 during trading hours on Friday, reaching $28.51. The company's stock had a trading volume of 5,669 shares, compared to its average volume of 123,968. The stock has a market capitalization of $725.61 million, a P/E ratio of 11.98 and a beta of 0.49. The firm's fifty day simple moving average is $27.85 and its 200 day simple moving average is $27.80. United Fire Group, Inc. has a one year low of $18.04 and a one year high of $31.70.

United Fire Group (NASDAQ:UFCS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. United Fire Group had a return on equity of 8.84% and a net margin of 4.94%. The business had revenue of $308.41 million for the quarter, compared to analysts' expectations of $336.18 million. As a group, equities research analysts forecast that United Fire Group, Inc. will post 2.42 earnings per share for the current fiscal year.

United Fire Group Dividend Announcement

The company 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. This represents a $0.64 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, June 6th. United Fire Group's payout ratio is currently 25.30%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jones Trading restated a "buy" rating and issued a $32.00 price objective on shares of United Fire Group in a report on Monday, May 12th. Wall Street Zen upgraded United Fire Group from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, Piper Sandler raised their price target on United Fire Group from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th.

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.