Royce & Associates LP Has $1,252,000 Stake in United Fire Group Inc. (UFCS)
Royce & Associates LP cut its stake in shares of United Fire Group Inc. (NASDAQ:UFCS) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,517 shares of the company’s stock after selling 6,000 shares during the period. Royce & Associates LP owned about 0.12% of United Fire Group worth $1,252,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of United Fire Group during the fourth quarter valued at approximately $12,556,000. I.G. Investment Management LTD. purchased a new stake in shares of United Fire Group during the second quarter valued at approximately $5,669,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of United Fire Group during the first quarter valued at approximately $3,113,000. Emerald Acquisition Ltd. purchased a new stake in shares of United Fire Group during the second quarter valued at approximately $2,419,000. Finally, Bogle Investment Management L P DE purchased a new stake in shares of United Fire Group during the first quarter valued at approximately $1,862,000. 61.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Fire Group Inc. (NASDAQ:UFCS) traded up 0.87% during midday trading on Monday, hitting $41.97. 68,292 shares of the stock traded hands. The company has a market capitalization of $1.07 billion, a P/E ratio of 14.07 and a beta of 0.29. The stock has a 50 day moving average of $42.76 and a 200 day moving average of $42.47. United Fire Group Inc. has a 1-year low of $32.94 and a 1-year high of $45.75.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Tuesday, August 30th. United Fire Group’s payout ratio is presently 33.56%.
United Fire Group Company Profile
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.
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