Oppenheimer Asset Management Inc. grew its position in United Fire Group, Inc (NASDAQ:UFCS) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,869 shares of the insurance provider’s stock after buying an additional 202 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.11% of United Fire Group worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Great Lakes Advisors LLC grew its holdings in shares of United Fire Group by 2.1% in the 2nd quarter. Great Lakes Advisors LLC now owns 136,667 shares of the insurance provider’s stock valued at $6,022,000 after buying an additional 2,829 shares during the period. Victory Capital Management Inc. grew its holdings in shares of United Fire Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,170 shares of the insurance provider’s stock valued at $184,000 after buying an additional 626 shares during the period. Marshall Wace North America L.P. grew its holdings in shares of United Fire Group by 462.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 68,407 shares of the insurance provider’s stock valued at $3,010,000 after buying an additional 56,235 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of United Fire Group by 62.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,456 shares of the insurance provider’s stock valued at $329,000 after buying an additional 2,862 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of United Fire Group by 8.0% in the 2nd quarter. Legal & General Group Plc now owns 40,726 shares of the insurance provider’s stock valued at $1,795,000 after buying an additional 3,022 shares during the period. 58.25% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on UFCS. BidaskClub lowered shares of United Fire Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Sidoti began coverage on shares of United Fire Group in a report on Friday, June 9th. They issued a “neutral” rating and a $48.00 price target for the company.

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United Fire Group, Inc (NASDAQ UFCS) opened at 40.56 on Friday. United Fire Group, Inc has a one year low of $37.54 and a one year high of $50.75. The stock has a 50 day moving average of $43.12 and a 200 day moving average of $43.20. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 22.27 and a beta of 0.77.

United Fire Group (NASDAQ:UFCS) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.06. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. The firm had revenue of $284.30 million for the quarter. Equities research analysts predict that United Fire Group, Inc will post $1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. United Fire Group’s dividend payout ratio (DPR) is currently 61.20%.

United Fire Group 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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Institutional Ownership by Quarter for United Fire Group (NASDAQ:UFCS)

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