9,171 Shares in United Fire Group, Inc. (NASDAQ:UFCS) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new position in shares of United Fire Group, Inc. (NASDAQ:UFCS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,171 shares of the insurance provider's stock, valued at approximately $261,000.

Several other institutional investors have also modified their holdings of UFCS. Exchange Traded Concepts LLC boosted its position in shares of United Fire Group by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 37,296 shares of the insurance provider's stock valued at $1,061,000 after purchasing an additional 945 shares in the last quarter. R Squared Ltd bought a new position in shares of United Fire Group during the 4th quarter valued at about $27,000. Yousif Capital Management LLC bought a new position in shares of United Fire Group during the 4th quarter valued at about $231,000. Lion Street Advisors LLC bought a new position in shares of United Fire Group during the 4th quarter valued at about $266,000. Finally, Empowered Funds LLC lifted its stake in United Fire Group by 5.1% during the fourth quarter. Empowered Funds LLC now owns 74,664 shares of the insurance provider's stock valued at $2,124,000 after buying an additional 3,594 shares in the last quarter. Institutional investors own 62.68% of the company's stock.

United Fire Group Price Performance

Shares of United Fire Group stock traded down $0.44 during midday trading on Wednesday, hitting $28.21. The company had a trading volume of 50,174 shares, compared to its average volume of 126,649. The business's 50 day simple moving average is $27.87 and its two-hundred day simple moving average is $27.77. The stock has a market cap of $717.97 million, a PE ratio of 11.89 and a beta of 0.49. United Fire Group, Inc. has a 1-year low of $18.04 and a 1-year high of $31.70.

United Fire Group (NASDAQ:UFCS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The insurance provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The firm 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 8.84% and a net margin of 4.94%. On average, sell-side analysts expect that United Fire Group, Inc. will post 2.42 EPS for the current fiscal year.

United Fire Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.27%. United Fire Group's payout ratio is presently 25.30%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UFCS shares. Jones Trading reaffirmed a "buy" rating and set a $32.00 price objective on shares of United Fire Group in a research note on Monday, May 12th. 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. Finally, Piper Sandler increased their price target on shares of United Fire Group from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th.

Insider Buying and Selling at United Fire Group

In related news, Director Christopher R. Drahozal sold 2,500 shares of United Fire Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $28.33, for a total value of $70,825.00. Following the completion of the transaction, the director now directly owns 441,863 shares of the company's stock, valued at $12,517,978.79. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.12% of the company's stock.

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.