SG Americas Securities LLC lifted its stake in United Fire Group, Inc. (NASDAQ:UFCS) by 200.3% during the first quarter, Holdings Channel reports. The institutional investor owned 9,557 shares of the insurance provider’s stock after acquiring an additional 6,374 shares during the period. SG Americas Securities LLC’s holdings in United Fire Group were worth $418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UFCS. Quantamental Technologies LLC purchased a new position in United Fire Group during the 4th quarter worth $50,000. Bank of Montreal Can grew its position in United Fire Group by 56.0% during the 1st quarter. Bank of Montreal Can now owns 1,164 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 418 shares during the last quarter. Quadrant Capital Group LLC grew its position in United Fire Group by 375.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,501 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 1,185 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in United Fire Group during the 4th quarter worth $139,000. Finally, LS Investment Advisors LLC grew its position in United Fire Group by 320.7% during the 4th quarter. LS Investment Advisors LLC now owns 2,625 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 2,001 shares during the last quarter. 62.75% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP David E. Conner sold 30,011 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $41.34, for a total value of $1,240,654.74. Following the completion of the sale, the vice president now owns 9,450 shares in the company, valued at approximately $390,663. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott L. Carlton sold 649 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $47.71, for a total transaction of $30,963.79. Following the completion of the sale, the director now owns 83,642 shares of the company’s stock, valued at approximately $3,990,559.82. The disclosure for this sale can be found here. 6.66% of the stock is currently owned by company insiders.

UFCS has been the topic of several research reports. BidaskClub downgraded shares of United Fire Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. ValuEngine downgraded shares of United Fire Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, TheStreet downgraded shares of United Fire Group from a “b” rating to a “c+” rating in a research report on Thursday, February 21st.

Shares of United Fire Group stock opened at $47.65 on Friday. United Fire Group, Inc. has a 1 year low of $40.86 and a 1 year high of $61.56. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 82.62 and a beta of -0.03.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.38. United Fire Group had a net margin of 2.35% and a return on equity of 1.63%. The company had revenue of $332.25 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, May 30th. This is a boost from United Fire Group’s previous quarterly dividend of $0.31.

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United Fire Group Profile

United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

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

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