United Fire Group, Inc (NASDAQ:UFCS - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $32.22 and last traded at $31.78, with a volume of 5355 shares changing hands. The stock had previously closed at $32.08.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on UFCS shares. Jones Trading lifted their price objective on United Fire Group from $32.00 to $33.00 and gave the company a "buy" rating in a report on Monday, August 11th. Zacks Research upgraded United Fire Group to a "strong-buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $30.50.
Check Out Our Latest Stock Report on UFCS
United Fire Group Trading Up 2.7%
The company has a market capitalization of $814.53 million, a P/E ratio of 9.07 and a beta of 0.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a fifty day moving average price of $29.33 and a 200-day moving average price of $28.51.
United Fire Group (NASDAQ:UFCS - Get Free Report) last posted 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 business had revenue of $314.80 million for the quarter, compared to the consensus estimate of $337.99 million. On average, equities research analysts anticipate that United Fire Group, Inc will post 2.42 earnings per share for the current year.
United Fire Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.16 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.64 annualized dividend and a yield of 2.0%. United Fire Group's dividend payout ratio is presently 18.23%.
Hedge Funds Weigh In On United Fire Group
Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in United Fire Group by 131.3% in the first 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 last quarter. GAMMA Investing LLC lifted its position in shares of United Fire Group by 270.2% during the first quarter. GAMMA Investing LLC now owns 1,329 shares of the insurance provider's stock worth $39,000 after acquiring an additional 970 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of United Fire Group by 812.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,570 shares of the insurance provider's stock worth $45,000 after acquiring an additional 1,398 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of United Fire Group by 301.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the insurance provider's stock worth $65,000 after acquiring an additional 1,699 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of United Fire Group by 17.7% during the first quarter. NewEdge Advisors LLC now owns 2,499 shares of the insurance provider's stock worth $74,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors 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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