Janus Henderson Group PLC bought a new position in United Fire Group, Inc. (NASDAQ:UFCS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,171 shares of the insurance provider's stock, valued at approximately $261,000.
Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in United Fire Group during the 4th quarter worth approximately $27,000. NewEdge Advisors LLC bought a new stake in shares of United Fire Group during the fourth quarter valued at approximately $60,000. Aquatic Capital Management LLC raised 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 during the period. Globeflex Capital L P bought a new position in shares of United Fire Group in the 4th quarter worth $119,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of United Fire Group in the 4th quarter worth $131,000. 62.68% of the stock is owned by institutional investors and hedge funds.
Insider Activity at United Fire Group
In other news, Director Christopher R. Drahozal sold 2,500 shares of United Fire Group stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $28.33, for a total value of $70,825.00. Following the sale, the director now directly owns 441,863 shares in the company, valued at approximately $12,517,978.79. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.12% of the stock is owned by insiders.
United Fire Group Price Performance
Shares of United Fire Group stock traded up $0.52 during trading hours on Thursday, reaching $28.71. The company had a trading volume of 87,891 shares, compared to its average volume of 127,038. The firm has a market cap of $730.70 million, a PE ratio of 12.06 and a beta of 0.49. United Fire Group, Inc. has a one year low of $18.04 and a one year high of $31.70. The business has a fifty day simple moving average of $27.85 and a 200 day simple moving average of $27.80.
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 (EPS) 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 company had revenue of $308.41 million during the quarter, compared to analyst estimates of $336.18 million. On average, research analysts forecast that United Fire Group, Inc. will post 2.42 EPS for the current year.
United Fire Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, June 6th. United Fire Group's dividend payout ratio is currently 25.30%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on UFCS. Jones Trading restated a "buy" rating and issued a $32.00 target price on shares of United Fire Group in a report on Monday, May 12th. Piper Sandler increased their price objective on United Fire Group from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Wall Street Zen raised United Fire Group from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th.
Check Out Our Latest Analysis on UFCS
United Fire Group Profile
(
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.
Featured Articles
Before you consider United Fire Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Fire Group wasn't on the list.
While United Fire Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
