United Fire Group, Inc. (UFCS) Holding Boosted by State Street Corp

United Fire Group, Inc. (UFCS) Holding Boosted by State Street Corp

State Street Corp boosted its position in United Fire Group, Inc. (NASDAQ:UFCS) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 477,548 shares of the company’s stock after buying an additional 32,180 shares during the period. State Street Corp’s holdings in United Fire Group were worth $23,484,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UFCS. Municipal Employees Retirement System of Michigan raised its position in United Fire Group by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,820 shares of the company’s stock worth $331,000 after buying an additional 80 shares in the last quarter. Arizona State Retirement System raised its position in United Fire Group by 0.9% in the third quarter. Arizona State Retirement System now owns 11,121 shares of the company’s stock worth $471,000 after buying an additional 100 shares in the last quarter. BlackRock Inc. raised its position in United Fire Group by 3.4% in the third quarter. BlackRock Inc. now owns 6,196 shares of the company’s stock worth $262,000 after buying an additional 202 shares in the last quarter. Capital One National Association raised its position in United Fire Group by 2.0% in the third quarter. Capital One National Association now owns 16,838 shares of the company’s stock worth $713,000 after buying an additional 325 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in United Fire Group by 27.8% in the third quarter. Victory Capital Management Inc. now owns 2,902 shares of the company’s stock worth $123,000 after buying an additional 632 shares in the last quarter. 60.23% of the stock is owned by hedge funds and other institutional investors.

United Fire Group, Inc. (NASDAQ:UFCS) opened at 42.77 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.16 and a beta of 0.40. The firm’s 50-day moving average is $43.17 and its 200-day moving average is $44.43. United Fire Group, Inc. has a 52-week low of $37.54 and a 52-week high of $50.75.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, February 27th. United Fire Group’s dividend payout ratio (DPR) is presently 37.17%.

Separately, Keefe, Bruyette & Woods set a $44.00 target price on shares of United Fire Group and gave the stock a “hold” rating in a research report on Monday, March 27th.

In other news, VP Barrie W. Ernst sold 6,849 shares of United Fire Group stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $49.00, for a total value of $335,601.00. Following the completion of the transaction, the vice president now owns 19,730 shares of the company’s stock, valued at approximately $966,770. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kyle D. Skogman sold 1,727 shares of United Fire Group stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $48.85, for a total transaction of $84,363.95. Following the completion of the transaction, the director now directly owns 24,920 shares of the company’s stock, valued at approximately $1,217,342. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

United Fire Group Company Profile

United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. The Company operates in two segments: property and casualty insurance, and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.

Want to see what other hedge funds are holding UFCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Fire Group, Inc. (NASDAQ:UFCS).

Related posts

Leave a Comment