Russell Investments Group Ltd. Has $396,000 Holdings in United Fire Group, Inc $UFCS

Key Points

• Russell Investments Group Ltd. increased its stake in United Fire Group by 593.5%, owning 13,398 shares valued at $396,000, as of its latest SEC filing.
• The company reported $0.90 EPS for the last quarter, significantly exceeding the consensus estimate of $0.57, while its revenue reached $314.8 million.
• United Fire Group announced a quarterly dividend of $0.16 per share, translating to an annualized dividend of $0.64 and a dividend yield of 2.1%.

Russell Investments Group Ltd. lifted its holdings in shares of United Fire Group, Inc (NASDAQ:UFCS - Free Report) by 593.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,398 shares of the insurance provider's stock after purchasing an additional 11,466 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of United Fire Group worth $396,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in United Fire Group by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,936 shares of the insurance provider's stock valued at $340,000 after purchasing an additional 456 shares during the period. Federated Hermes Inc. boosted its holdings in United Fire Group by 131.3% in the 1st quarter. Federated Hermes Inc. now owns 1,115 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 633 shares during the period. GAMMA Investing LLC boosted its holdings in United Fire Group by 270.2% in the 1st quarter. GAMMA Investing LLC now owns 1,329 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 970 shares during the period. Point72 Asset Management L.P. boosted its holdings in United Fire Group by 21.2% in the 4th quarter. Point72 Asset Management L.P. now owns 6,558 shares of the insurance provider's stock valued at $187,000 after purchasing an additional 1,147 shares during the period. Finally, Deutsche Bank AG boosted its holdings in United Fire Group by 9.0% in the 4th quarter. Deutsche Bank AG now owns 15,821 shares of the insurance provider's stock valued at $450,000 after purchasing an additional 1,304 shares during the period. Institutional investors and hedge funds own 62.68% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on UFCS shares. Wall Street Zen raised shares of United Fire Group from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Zacks Research upgraded shares of United Fire Group to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Jones Trading raised their price objective on shares of United Fire Group from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $30.50.

United Fire Group Price Performance

Shares of NASDAQ:UFCS traded down $0.63 during midday trading on Friday, reaching $31.16. 98,763 shares of the company's stock were exchanged, compared to its average volume of 119,026. The firm has a market capitalization of $794.27 million, a PE ratio of 8.88 and a beta of 0.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.37 and a current ratio of 0.37. The company's 50 day simple moving average is $28.87 and its two-hundred day simple moving average is $28.27. United Fire Group, Inc has a 12 month low of $19.19 and a 12 month high of $32.13.

United Fire Group (NASDAQ:UFCS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.33. United Fire Group had a net margin of 6.94% and a return on equity of 11.84%. The firm had revenue of $314.80 million during the quarter, compared to the consensus estimate of $337.99 million. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. United Fire Group's dividend payout ratio (DPR) is currently 18.23%.

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.