Russell Investments Group Ltd. Acquires 520 Shares of United Fire Group, Inc (UFCS)

Russell Investments Group Ltd. increased its holdings in shares of United Fire Group, Inc (NASDAQ:UFCS) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,665 shares of the insurance provider’s stock after acquiring an additional 520 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of United Fire Group worth $734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its position in United Fire Group by 42,903.1% during the first quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock worth $102,887,000 after acquiring an additional 2,399,998 shares during the last quarter. Vanguard Group Inc. boosted its position in United Fire Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 1,867,924 shares of the insurance provider’s stock worth $79,890,000 after acquiring an additional 135,228 shares during the last quarter. State Street Corp boosted its position in United Fire Group by 5.2% during the first quarter. State Street Corp now owns 502,290 shares of the insurance provider’s stock worth $21,485,000 after acquiring an additional 24,742 shares during the last quarter. Geode Capital Management LLC boosted its position in United Fire Group by 8.3% during the first quarter. Geode Capital Management LLC now owns 176,692 shares of the insurance provider’s stock worth $7,557,000 after acquiring an additional 13,613 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in United Fire Group by 0.8% during the first quarter. Principal Financial Group Inc. now owns 172,279 shares of the insurance provider’s stock worth $7,368,000 after acquiring an additional 1,328 shares during the last quarter. Hedge funds and other institutional investors own 58.25% of the company’s stock.

UFCS has been the topic of a number of recent research reports. BidaskClub upgraded shares of United Fire Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Sidoti initiated coverage on shares of United Fire Group in a research report on Friday, June 9th. They set a “neutral” rating and a $48.00 price target on the stock.

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United Fire Group, Inc (NASDAQ:UFCS) traded up 0.96% during trading on Friday, reaching $41.92. 210,668 shares of the company’s stock traded hands. The firm has a 50 day moving average of $42.70 and a 200 day moving average of $43.18. The firm has a market capitalization of $1.05 billion, a PE ratio of 23.02 and a beta of 0.77. United Fire Group, Inc has a 1-year low of $37.54 and a 1-year high of $50.75.

United Fire Group (NASDAQ:UFCS) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). United Fire Group had a net margin of 4.07% and a return on equity of 4.33%. The business had revenue of $284.30 million for the quarter. Equities analysts forecast that United Fire Group, Inc will post $1.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.12 annualized dividend and a yield of 2.67%. United Fire Group’s dividend payout ratio (DPR) is currently 61.20%.

About United Fire Group

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.

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

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