Dee Ann Mcintyre Sells 2,500 Shares of United Fire Group, Inc. (NASDAQ:UFCS) Stock

United Fire Group, Inc. (NASDAQ:UFCS) major shareholder Dee Ann Mcintyre sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $27.31, for a total transaction of $68,275.00. Following the completion of the sale, the insider now directly owns 446,863 shares in the company, valued at $12,203,828.53. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

United Fire Group Price Performance

NASDAQ:UFCS opened at $27.96 on Friday. United Fire Group, Inc. has a 1-year low of $18.04 and a 1-year high of $31.70. The firm has a 50 day simple moving average of $26.52 and a 200-day simple moving average of $24.64. The firm has a market cap of $709.65 million, a PE ratio of 11.75 and a beta of 0.45.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.64. United Fire Group had a return on equity of 8.84% and a net margin of 4.94%. As a group, sell-side analysts expect that United Fire Group, Inc. will post 2.42 earnings per share for the current fiscal year.

United Fire Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 2.29%. United Fire Group’s dividend payout ratio (DPR) is presently 26.89%.

Institutional Trading of United Fire Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of United Fire Group by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,936 shares of the insurance provider’s stock worth $340,000 after acquiring an additional 456 shares during the period. Rhumbline Advisers increased its position in United Fire Group by 0.7% during the fourth quarter. Rhumbline Advisers now owns 66,148 shares of the insurance provider’s stock worth $1,882,000 after purchasing an additional 480 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in United Fire Group by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 37,296 shares of the insurance provider’s stock worth $1,061,000 after purchasing an additional 945 shares during the period. Martingale Asset Management L P boosted its holdings in shares of United Fire Group by 2.2% in the 3rd quarter. Martingale Asset Management L P now owns 44,090 shares of the insurance provider’s stock valued at $923,000 after purchasing an additional 947 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of United Fire Group during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 62.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UFCS shares. StockNews.com upgraded United Fire Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. Piper Sandler boosted their price target on United Fire Group from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Jones Trading raised United Fire Group to a “strong-buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday.

About United Fire Group

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.