United Fire Group, Inc (NASDAQ:UFCS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $31.85 and last traded at $31.60, with a volume of 396 shares. The stock had previously closed at $31.23.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Jones Trading raised their target price on shares of United Fire Group from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Zacks Research upgraded United Fire Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded United Fire Group from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, United Fire Group has an average rating of "Buy" and a consensus price target of $30.50.
Get Our Latest Research Report on United Fire Group
United Fire Group Stock Up 0.5%
The company has a 50 day simple moving average of $28.48 and a two-hundred day simple moving average of $28.02. The firm has a market capitalization of $797.52 million, a P/E ratio of 8.91 and a beta of 0.53. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.14.
United Fire Group (NASDAQ:UFCS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.57 by $0.33. United Fire Group had a return on equity of 11.84% and a net margin of 6.94%.The company had revenue of $314.80 million for the quarter, compared to analyst estimates of $337.99 million. On average, equities analysts predict that United Fire Group, Inc will post 2.42 EPS for the current fiscal year.
United Fire Group Announces Dividend
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 paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 29th. United Fire Group's dividend payout ratio (DPR) is 18.23%.
Institutional Investors Weigh In On United Fire Group
A number of institutional investors have recently modified their holdings of UFCS. Federated Hermes Inc. increased 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 purchasing an additional 633 shares during the period. GAMMA Investing LLC grew its position in United Fire Group by 270.2% in the first 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in United Fire Group by 812.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,570 shares of the insurance provider's stock valued at $45,000 after purchasing an additional 1,398 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in United Fire Group in the fourth quarter valued at $60,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of United Fire Group by 301.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the insurance provider's stock worth $65,000 after buying an additional 1,699 shares during the last quarter. Institutional investors and hedge funds own 62.68% of the company's stock.
About United Fire Group
(
Get 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.
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