United Fire Group, Inc. (NASDAQ:UFCS - Get Free Report) VP Corey Lynn Ruehle sold 2,664 shares of United Fire Group stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $29.60, for a total transaction of $78,854.40. Following the sale, the vice president now owns 12,523 shares of the company's stock, valued at approximately $370,680.80. This trade represents a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ:UFCS traded down $0.06 on Thursday, hitting $29.49. 87,709 shares of the stock were exchanged, compared to its average volume of 110,388. The stock has a fifty day moving average of $25.48 and a 200-day moving average of $22.41. The stock has a market cap of $747.34 million, a PE ratio of 15.20 and a beta of 0.53. United Fire Group, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $31.70.
United Fire Group (NASDAQ:UFCS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.21 by $0.60. United Fire Group had a net margin of 4.15% and a return on equity of 6.75%. The firm had revenue of $322.96 million for the quarter, compared to analyst estimates of $306.80 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, analysts predict that United Fire Group, Inc. will post 1.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 2.17%. United Fire Group's dividend payout ratio (DPR) is 32.99%.
UFCS has been the topic of a number of recent analyst reports. StockNews.com raised United Fire Group from a "hold" rating to a "buy" rating in a research note on Friday, October 4th. Piper Sandler raised shares of United Fire Group from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $19.00 to $26.00 in a research report on Monday, November 18th.
View Our Latest Report on United Fire Group
Several large investors have recently added to or reduced their stakes in UFCS. Innealta Capital LLC purchased a new stake in shares of United Fire Group in the second quarter worth about $65,000. Point72 Asset Management L.P. boosted its holdings in United Fire Group by 576.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,411 shares of the insurance provider's stock worth $113,000 after acquiring an additional 4,611 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of United Fire Group by 82.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,864 shares of the insurance provider's stock valued at $144,000 after purchasing an additional 3,098 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of United Fire Group during the third quarter worth $211,000. Finally, XTX Topco Ltd purchased a new position in shares of United Fire Group in the second quarter valued at $213,000. 62.68% of the stock is currently owned by institutional investors and hedge funds.
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; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers' compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.
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