QS Investors LLC continued to hold its position in shares of United Fire Group, Inc (NASDAQ:UFCS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,803 shares of the insurance provider’s stock at the close of the second quarter. QS Investors LLC owned approximately 0.22% of United Fire Group worth $2,459,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in United Fire Group by 42,903.1% during the 1st quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock valued at $102,887,000 after purchasing an additional 2,399,998 shares during the last quarter. Vanguard Group Inc. lifted its holdings in United Fire Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 1,867,924 shares of the insurance provider’s stock valued at $79,890,000 after purchasing an additional 135,228 shares during the last quarter. Northern Trust Corp lifted its holdings in United Fire Group by 1.2% during the 2nd quarter. Northern Trust Corp now owns 608,221 shares of the insurance provider’s stock valued at $26,798,000 after purchasing an additional 7,205 shares during the last quarter. State Street Corp lifted its holdings in United Fire Group by 5.2% during the 1st quarter. State Street Corp now owns 502,290 shares of the insurance provider’s stock valued at $21,485,000 after purchasing an additional 24,742 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in United Fire Group by 1.0% during the 2nd quarter. New York State Common Retirement Fund now owns 350,025 shares of the insurance provider’s stock valued at $15,422,000 after purchasing an additional 3,399 shares during the last quarter. 58.23% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. BidaskClub raised United Fire Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Sidoti assumed coverage on United Fire Group in a report on Friday, June 9th. They set a “neutral” rating and a $48.00 price target for the company. Finally, Sandler O’Neill raised United Fire Group from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $47.00 in a report on Friday, September 22nd.

Shares of United Fire Group, Inc (UFCS) opened at 46.61 on Friday. The stock’s 50 day moving average price is $43.14 and its 200-day moving average price is $43.40. United Fire Group, Inc has a 12-month low of $37.54 and a 12-month high of $50.75. The firm has a market cap of $1.17 billion, a P/E ratio of 25.60 and a beta of 0.75.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The business 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%. On average, analysts predict that United Fire Group, Inc will post $1.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.28 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.40%. United Fire Group’s dividend payout ratio (DPR) is presently 61.20%.

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

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