1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its holdings in shares of United Fire Group, Inc. (NASDAQ:UFCS – Free Report) by 7.
2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,180 shares of the insurance provider’s stock after selling 873 shares during the quarter. Corebridge Financial Inc.
’s holdings in United Fire Group were worth $318,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc.
increased its holdings in shares of United Fire Group by 1.2% during the fourth quarter. Vanguard Group Inc.
now owns 1,350,237 shares of the insurance provider’s stock worth $38,414,000 after purchasing an additional 16,588 shares during the period. LPL Financial LLC grew its position in United Fire Group by 20.5% during the fourth quarter.
LPL Financial LLC now owns 17,870 shares of the insurance provider’s stock worth $508,000 after buying an additional 3,045 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in United Fire Group during the 4th quarter worth $131,000. American Century Companies Inc.
raised its holdings in United Fire Group by 87.6% in the 4th quarter. American Century Companies Inc.
now owns 142,996 shares of the insurance provider’s stock valued at $4,068,000 after acquiring an additional 66,756 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in shares of United Fire Group during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 62.
68% of the company’s stock. Insider Activity at United Fire GroupIn related news, major shareholder Dee Ann Mcintyre sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $27.
31, for a total transaction of $68,275.00. Following the sale, the insider now owns 446,863 shares in the company, valued at $12,203,828.
53. The trade was a 0.56 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Noyce bought 2,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $26.
97 per share, with a total value of $53,940.00. Following the completion of the transaction, the director now directly owns 27,316 shares of the company’s stock, valued at approximately $736,712.
52. The trade was a 7.90 % increase in their position.
The disclosure for this purchase can be found here. 5.99% of the stock is owned by insiders.
United Fire Group Stock PerformanceShares of UFCS opened at $26.21 on Friday. United Fire Group, Inc.
has a 52-week low of $18.04 and a 52-week high of $31.70.
The firm has a market cap of $665.24 million, a price-to-earnings ratio of 11.01 and a beta of 0.
33. The business’s fifty day moving average is $27.40 and its 200-day moving average is $26.
09. United Fire Group (NASDAQ:UFCS – Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.
25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.64.
United Fire Group had a return on equity of 8.84% and a net margin of 4.94%.
As a group, research analysts forecast that United Fire Group, Inc. will post 2.42 EPS for the current fiscal year.
United Fire Group Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.16 per share.
This represents a $0.64 dividend on an annualized basis and a yield of 2.44%.
The ex-dividend date was Friday, March 7th. United Fire Group’s dividend payout ratio is 26.89%.
Analyst Ratings ChangesA number of research analysts recently commented on the company. Piper Sandler raised their price target on United Fire Group from $26.00 to $28.
00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. StockNews.com upgraded shares of United Fire Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 12th.
Finally, Jones Trading upgraded shares of United Fire Group to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Wednesday, March 5th.Check Out Our Latest Research Report on UFCSAbout United Fire Group (Free Report)United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States.
The company offers commercial and personal lines of property and casualty insurance; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers’ compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.Read MoreFive stocks we like better than United Fire GroupWhat Are Treasury Bonds?Joby Aviation: Operational Momentum vs.
Market SentimentWhich Wall Street Analysts are the Most Accurate?Broadcom’s Big Outperformance Shows Strength Amid Tariff DeclineWhat Are the FAANG Stocks and Are They Good Investments?Carvana: Can Turnaround Strength Outdrive Market Headwinds?Want to see what other hedge funds are holding UFCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Fire Group, Inc. (NASDAQ:UFCS – Free Report).
.
