BNP Paribas Arbitrage SA grew its holdings in United Fire Group, Inc (NASDAQ:UFCS) by 62.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,456 shares of the insurance provider’s stock after buying an additional 2,862 shares during the period. BNP Paribas Arbitrage SA’s holdings in United Fire Group were worth $329,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UFCS. Teachers Advisors LLC raised its holdings in shares of United Fire Group by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 35,954 shares of the insurance provider’s stock valued at $1,768,000 after buying an additional 503 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in United Fire Group by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 100 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in United Fire Group by 5.8% during the first quarter. Great West Life Assurance Co. Can now owns 29,729 shares of the insurance provider’s stock worth $1,271,000 after purchasing an additional 1,637 shares in the last quarter. First Trust Advisors LP raised its holdings in United Fire Group by 2.3% during the first quarter. First Trust Advisors LP now owns 31,182 shares of the insurance provider’s stock worth $1,334,000 after purchasing an additional 692 shares in the last quarter. Finally, Comerica Bank raised its holdings in United Fire Group by 4.4% during the first quarter. Comerica Bank now owns 23,958 shares of the insurance provider’s stock worth $1,067,000 after purchasing an additional 1,007 shares in the last quarter. 58.23% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on UFCS. BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Sidoti began coverage on shares of United Fire Group in a report on Friday, June 9th. They set a “neutral” rating and a $48.00 price target for the company.

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United Fire Group, Inc (NASDAQ:UFCS) opened at 41.51 on Tuesday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 22.80 and a beta of 0.77. United Fire Group, Inc has a 12 month low of $37.54 and a 12 month high of $50.75. The firm’s 50-day moving average is $42.61 and its 200 day moving average is $43.17.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data 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). The firm had revenue of $284.30 million during the quarter. United Fire Group had a net margin of 4.07% and a return on equity of 4.33%. Equities analysts predict that United Fire Group, Inc will post $1.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.70%. United Fire Group’s dividend payout ratio (DPR) is 61.20%.

United Fire Group 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.

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

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