United Fire Group Inc. (NASDAQ:UFCS) saw strong trading volume on Tuesday . 108,588 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 52,943 shares.The stock last traded at $42.68 and had previously closed at $42.62.

The firm has a market cap of $1.08 billion and a P/E ratio of 14.31. The stock has a 50-day moving average price of $42.48 and a 200-day moving average price of $42.03.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.34%.

In other United Fire Group news, Director Christopher R. Drahozal sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $42.04, for a total value of $210,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

An institutional investor recently raised its position in United Fire Group stock. California Public Employees Retirement System boosted its position in United Fire Group Inc. (NASDAQ:UFCS) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,800 shares of the company’s stock after buying an additional 15,300 shares during the period. California Public Employees Retirement System owned about 0.33% of United Fire Group worth $3,210,000 at the end of the most recent reporting period.

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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