United Fire Group, Inc. (NASDAQ:UFCS) CFO Eric J. Martin Acquires 500 Shares

United Fire Group, Inc. (NASDAQ:UFCSGet Free Report) CFO Eric J. Martin acquired 500 shares of United Fire Group stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average price of $21.22 per share, for a total transaction of $10,610.00. Following the completion of the purchase, the chief financial officer now directly owns 26,310 shares of the company’s stock, valued at $558,298.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

United Fire Group Stock Performance

NASDAQ:UFCS opened at $21.73 on Tuesday. United Fire Group, Inc. has a 12-month low of $18.41 and a 12-month high of $25.55. The business has a 50 day simple moving average of $22.40 and a 200 day simple moving average of $21.99.

United Fire Group (NASDAQ:UFCSGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The insurance provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $296.00 million during the quarter, compared to analyst estimates of $282.30 million. United Fire Group had a negative net margin of 1.50% and a negative return on equity of 2.63%. On average, equities research analysts predict that United Fire Group, Inc. will post 1.1 EPS for the current year.

United Fire Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.95%. The ex-dividend date is Friday, May 31st. United Fire Group’s payout ratio is currently -92.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com raised shares of United Fire Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 16th. Piper Sandler reiterated an “underweight” rating and set a $21.00 price objective on shares of United Fire Group in a research note on Monday, April 1st.

Get Our Latest Research Report on United Fire Group

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UFCS. Quantbot Technologies LP acquired a new stake in United Fire Group in the third quarter worth about $67,000. Tower Research Capital LLC TRC boosted its holdings in shares of United Fire Group by 127.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,761 shares of the insurance provider’s stock valued at $96,000 after acquiring an additional 2,669 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United Fire Group by 22.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,190 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 957 shares during the period. Quest Partners LLC bought a new stake in United Fire Group during the fourth quarter worth approximately $113,000. Finally, New York State Common Retirement Fund lifted its position in United Fire Group by 17.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,976 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 1,203 shares during the period. Institutional investors own 62.68% of the company’s stock.

United Fire Group Company Profile

(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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