XTX Topco Ltd Increases Position in United Fire Group, Inc (NASDAQ:UFCS)

XTX Topco Ltd raised its position in United Fire Group, Inc (NASDAQ:UFCS - Free Report) by 91.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,918 shares of the insurance provider's stock after purchasing an additional 11,934 shares during the period. XTX Topco Ltd owned 0.10% of United Fire Group worth $734,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UFCS. Federated Hermes Inc. lifted its holdings in shares of United Fire Group by 131.3% during the 1st quarter. Federated Hermes Inc. now owns 1,115 shares of the insurance provider's stock worth $33,000 after acquiring an additional 633 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of United Fire Group by 270.2% during the 1st quarter. GAMMA Investing LLC now owns 1,329 shares of the insurance provider's stock worth $39,000 after acquiring an additional 970 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of United Fire Group during the 4th quarter worth $60,000. Aquatic Capital Management LLC lifted its holdings in shares of United Fire Group by 716.3% during the 4th quarter. Aquatic Capital Management LLC now owns 2,449 shares of the insurance provider's stock worth $70,000 after acquiring an additional 2,149 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of United Fire Group during the 4th quarter worth $131,000. 62.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UFCS. 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. Jones Trading reiterated a "buy" rating and issued a $32.00 target price on shares of United Fire Group in a research report on Monday, May 12th.

United Fire Group Trading Up 0.5%

NASDAQ:UFCS traded up $0.15 during trading hours on Friday, reaching $29.19. The company's stock had a trading volume of 29,245 shares, compared to its average volume of 125,932. The firm has a market capitalization of $742.91 million, a price-to-earnings ratio of 8.32 and a beta of 0.53. The firm has a 50-day simple moving average of $27.86 and a 200-day simple moving average of $27.52. United Fire Group, Inc has a 1 year low of $18.04 and a 1 year high of $31.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 0.34.

United Fire Group (NASDAQ:UFCS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The insurance provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.33. The company had revenue of $314.80 million for the quarter, compared to analysts' expectations of $337.99 million. United Fire Group had a net margin of 6.94% and a return on equity of 12.02%. Research analysts expect that United Fire Group, Inc will post 2.42 EPS for the current fiscal year.

United Fire Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.16 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.2%. United Fire Group's payout ratio is presently 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.