Micah G. Woolstenhulme Buys 1,000 Shares of United Fire Group, Inc. (NASDAQ:UFCS) Stock

United Fire Group, Inc. (NASDAQ:UFCSGet Free Report) SVP Micah G. Woolstenhulme bought 1,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average price of $21.25 per share, with a total value of $21,250.00. Following the completion of the acquisition, the senior vice president now directly owns 37,440 shares in the company, valued at $795,600. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

United Fire Group Price Performance

UFCS stock opened at $21.27 on Thursday. The firm has a market capitalization of $538.13 million, a P/E ratio of -30.83 and a beta of 0.40. The business’s 50-day moving average is $22.38 and its two-hundred day moving average is $21.99. United Fire Group, Inc. has a 1 year low of $18.41 and a 1 year high of $25.55.

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

United Fire Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, May 31st. United Fire Group’s dividend payout ratio (DPR) is presently -92.75%.

Analysts Set New Price Targets

UFCS has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “underweight” rating and issued a $21.00 price target on shares of United Fire Group in a research report on Monday, April 1st. StockNews.com raised United Fire Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 16th.

View Our Latest Stock Analysis on United Fire Group

Institutional Investors Weigh In On United Fire Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of United Fire Group during the 3rd quarter worth about $67,000. Tower Research Capital LLC TRC increased its position in United Fire Group by 127.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,761 shares of the insurance provider’s stock worth $96,000 after buying an additional 2,669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 worth $104,000 after buying an additional 957 shares during the period. Quest Partners LLC acquired a new position in United Fire Group during the fourth quarter worth approximately $113,000. Finally, New York State Common Retirement Fund increased its position in United Fire Group by 17.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,976 shares of the insurance provider’s stock worth $160,000 after buying an additional 1,203 shares during the period. 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.

Featured Articles

Receive News & Ratings for United Fire Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Fire Group and related companies with MarketBeat.com's FREE daily email newsletter.