XTX Topco Ltd Invests $369,000 in United Fire Group, Inc. (NASDAQ:UFCS)

XTX Topco Ltd bought a new stake in shares of United Fire Group, Inc. (NASDAQ:UFCS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,984 shares of the insurance provider's stock, valued at approximately $369,000. XTX Topco Ltd owned about 0.05% of United Fire Group at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in United Fire Group in the 4th quarter worth approximately $27,000. Globeflex Capital L P acquired a new stake in United Fire Group in the 4th quarter valued at approximately $119,000. KLP Kapitalforvaltning AS acquired a new stake in United Fire Group in the 4th quarter valued at approximately $131,000. Maryland State Retirement & Pension System acquired a new stake in United Fire Group in the 4th quarter valued at approximately $203,000. Finally, Yousif Capital Management LLC acquired a new stake in United Fire Group in the 4th quarter valued at approximately $231,000. 62.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UFCS. Jones Trading upgraded United Fire Group to a "strong-buy" rating and set a $32.00 target price on the stock in a research report on Wednesday, March 5th. StockNews.com upgraded United Fire Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler lifted their price target on United Fire Group from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th.

United Fire Group Stock Performance

Shares of UFCS stock traded up $0.35 during mid-day trading on Monday, hitting $27.82. 103,059 shares of the stock traded hands, compared to its average volume of 126,405. United Fire Group, Inc. has a twelve month low of $18.04 and a twelve month high of $31.70. The firm has a market cap of $706.43 million, a price-to-earnings ratio of 11.69 and a beta of 0.33. The company's 50-day simple moving average is $27.74 and its 200-day simple moving average is $26.73.

United Fire Group (NASDAQ:UFCS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.64. United Fire Group had a return on equity of 8.84% and a net margin of 4.94%. Analysts forecast that United Fire Group, Inc. will post 2.42 earnings per share for the current year.

United Fire Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, March 7th. United Fire Group's dividend payout ratio is presently 26.89%.

Insider Transactions at United Fire Group

In other United Fire Group news, Director James Noyce bought 2,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of $26.97 per share, with a total value of $53,940.00. Following the completion of the transaction, the director now directly owns 27,316 shares in the company, valued at approximately $736,712.52. This represents a 7.90 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dee Ann Mcintyre sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $27.31, for a total value of $68,275.00. Following the completion of the sale, the insider now directly owns 446,863 shares of the company's stock, valued at approximately $12,203,828.53. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.12% of the company's stock.

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.