United Fire Group, Inc (NASDAQ:UFCS - Get Free Report) Director George Milligan acquired 5,000 shares of the business's stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of $47.41 per share, for a total transaction of $237,050.00. Following the transaction, the director directly owned 95,034 shares of the company's stock, valued at approximately $4,505,561.94. This trade represents a 5.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
United Fire Group Stock Up 2.4%
Shares of NASDAQ UFCS opened at $48.87 on Tuesday. The stock has a market cap of $1.26 billion, a P/E ratio of 9.34 and a beta of 0.55. The business's fifty day simple moving average is $54.71 and its 200-day simple moving average is $47.04. United Fire Group, Inc has a 12-month low of $33.53 and a 12-month high of $58.19. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.15.
United Fire Group (NASDAQ:UFCS - Get Free Report) last released its earnings results on Tuesday, November 3rd. The insurance provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. United Fire Group had a return on equity of 14.50% and a net margin of 9.06%. The firm had revenue of $391.63 million during the quarter, compared to analysts' expectations of $384.18 million. As a group, equities analysts predict that United Fire Group, Inc will post 5.07 EPS for the current fiscal year.
United Fire Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 4th. United Fire Group's dividend payout ratio (DPR) is presently 15.30%.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Piper Sandler cut their target price on shares of United Fire Group from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, November 5th. Zacks Research raised shares of United Fire Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 17th. Wall Street Zen downgraded shares of United Fire Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings cut shares of United Fire Group from a "buy (a)" rating to a "buy (a-)" rating in a report on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, United Fire Group has a consensus rating of "Strong Buy" and a consensus target price of $51.50.
Check Out Our Latest Analysis on United Fire Group
Institutional Trading of United Fire Group
A number of hedge funds and other institutional investors have recently bought and sold shares of UFCS. GAMMA Investing LLC boosted its holdings in United Fire Group by 9.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,293 shares of the insurance provider's stock valued at $121,000 after purchasing an additional 192 shares in the last quarter. IFP Advisors Inc increased its position in United Fire Group by 25.1% during the 2nd quarter. IFP Advisors Inc now owns 1,400 shares of the insurance provider's stock worth $73,000 after purchasing an additional 281 shares during the period. Illinois Municipal Retirement Fund increased its position in United Fire Group by 5.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,367 shares of the insurance provider's stock worth $598,000 after purchasing an additional 567 shares during the period. Allworth Financial LP acquired a new position in United Fire Group during the 2nd quarter worth approximately $34,000. Finally, Diversified Trust Co raised its stake in shares of United Fire Group by 12.6% during the 3rd quarter. Diversified Trust Co now owns 5,826 shares of the insurance provider's stock worth $306,000 after buying an additional 654 shares in the last quarter. 62.68% of the stock is currently owned by institutional investors and hedge funds.
About United Fire Group
(
Get Free Report)
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
