2 weeks Ago By Defense World Staff
Earnest Partners LLC increased its position in shares of United Fire Group, Inc. ( NASDAQ:UFCS – Free Report ) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 1,293,367 shares of the insurance provider’s stock after acquiring an additional 27,376 shares during the quarter. Earnest Partners LLC owned about 5.11% of United Fire Group worth $27,794,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A.
purchased a new stake in United Fire Group during the 2nd quarter worth approximately $4,770,000. Price T Rowe Associates Inc. MD grew its position in United Fire Group by 2.
6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,986 shares of the insurance provider’s stock worth $915,000 after purchasing an additional 1,071 shares during the last quarter.
Janus Henderson Group PLC purchased a new stake in United Fire Group during the 1st quarter worth approximately $202,000. Charles Schwab Investment Management Inc. grew its position in United Fire Group by 8.
1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,590 shares of the insurance provider’s stock worth $7,315,000 after purchasing an additional 27,213 shares during the last quarter.
Finally, Bank of New York Mellon Corp grew its position in United Fire Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 193,283 shares of the insurance provider’s stock worth $4,154,000 after purchasing an additional 1,023 shares during the last quarter.
Institutional investors own 62.68% of the company’s stock. Wall Street Analyst Weigh In UFCS has been the topic of several research analyst reports.
StockNews.com downgraded shares of United Fire Group from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Piper Sandler dropped their price objective on shares of United Fire Group from $21.
00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, August 8th. United Fire Group Price Performance UFCS stock opened at $20.
73 on Friday. The firm’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $21.
46. The company has a market capitalization of $525.30 million, a P/E ratio of -30.
04 and a beta of 0.36. United Fire Group, Inc.
has a 12 month low of $18.04 and a 12 month high of $25.55.
United Fire Group ( NASDAQ:UFCS – Get Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.
04) by ($0.03). The business had revenue of $301.
17 million during the quarter, compared to analysts’ expectations of $300.80 million. United Fire Group had a net margin of 3.
17% and a return on equity of 5.23%. During the same period last year, the company earned ($2.
27) earnings per share. As a group, sell-side analysts forecast that United Fire Group, Inc. will post 1.
1 earnings per share for the current year. United Fire Group Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.
16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.
09%. The ex-dividend date was Friday, August 30th. United Fire Group’s dividend payout ratio (DPR) is presently -92.
75%. United Fire Group Profile ( 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. Featured Articles Five stocks we like better than United Fire Group There Are Different Types of Stock To Invest In Rocket Lab Stock Soars: Should Investors Chase the Rally? Why Are These Companies Considered Blue Chips? KB Home Slips After Earnings: What’s Next for Homebuilders? Technology Stocks Explained: Here’s What to Know About Tech Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for United Fire Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Fire Group and related companies with MarketBeat.com's FREE daily email newsletter .
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