Genesee Valley Trust Co. raised its stake in United Fire Group, Inc. (NASDAQ:UFCS) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,765 shares of the company’s stock after buying an additional 430 shares during the period. Genesee Valley Trust Co.’s holdings in United Fire Group were worth $329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of United Fire Group by 6.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 600,847 shares of the company’s stock valued at $26,329,000 after buying an additional 38,900 shares during the period. BlackRock Fund Advisors boosted its stake in shares of United Fire Group by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,292,497 shares of the company’s stock valued at $56,637,000 after buying an additional 5,247 shares during the period. Prudential Financial Inc. boosted its stake in shares of United Fire Group by 9.2% in the first quarter. Prudential Financial Inc. now owns 225,740 shares of the company’s stock valued at $9,892,000 after buying an additional 19,027 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of United Fire Group by 14.8% in the first quarter. Envestnet Asset Management Inc. now owns 5,012 shares of the company’s stock valued at $220,000 after buying an additional 646 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of United Fire Group during the first quarter valued at approximately $1,551,000. 60.34% of the stock is owned by institutional investors and hedge funds.

Shares of United Fire Group, Inc. (NASDAQ:UFCS) traded up 1.76% during mid-day trading on Thursday, hitting $43.93. The stock had a trading volume of 64,117 shares. United Fire Group, Inc. has a 12-month low of $33.70 and a 12-month high of $45.75. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.73 and a beta of 0.29. The stock’s 50-day moving average price is $42.72 and its 200-day moving average price is $42.51.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, August 30th. United Fire Group’s dividend payout ratio (DPR) is currently 33.56%.

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.

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