Swiss National Bank Continues to Hold Position in United Fire Group, Inc (UFCS)
Swiss National Bank continued to hold its stake in shares of United Fire Group, Inc (NASDAQ:UFCS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,200 shares of the insurance provider’s stock at the close of the second quarter. Swiss National Bank owned about 0.14% of United Fire Group worth $1,551,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in UFCS. SG Americas Securities LLC bought a new position in United Fire Group during the 1st quarter valued at approximately $145,000. Victory Capital Management Inc. increased its position in United Fire Group by 25.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,544 shares of the insurance provider’s stock valued at $152,000 after buying an additional 711 shares in the last quarter. State of Alaska Department of Revenue increased its position in United Fire Group by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,242 shares of the insurance provider’s stock valued at $186,000 after buying an additional 1,852 shares in the last quarter. Mason Street Advisors LLC increased its position in United Fire Group by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,060 shares of the insurance provider’s stock valued at $216,000 after buying an additional 350 shares in the last quarter. Finally, Stifel Financial Corp increased its position in United Fire Group by 11.1% during the 1st quarter. Stifel Financial Corp now owns 5,484 shares of the insurance provider’s stock valued at $235,000 after buying an additional 549 shares in the last quarter. 58.23% of the stock is owned by hedge funds and other institutional investors.
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A number of research analysts recently weighed in on UFCS shares. Sandler O’Neill raised United Fire Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.00 to $47.00 in a research report on Friday, September 22nd. BidaskClub lowered United Fire Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
United Fire Group, Inc (NASDAQ:UFCS) opened at 46.36 on Tuesday. The company’s 50-day moving average price is $43.25 and its 200-day moving average price is $43.44. United Fire Group, Inc has a 52-week low of $37.54 and a 52-week high of $50.75. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 25.46 and a beta of 0.75.
United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The business had revenue of $284.30 million during the quarter. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. Equities research analysts expect that United Fire Group, Inc will post $1.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, August 30th. United Fire Group’s dividend payout ratio (DPR) is 61.20%.
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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