Earnest Partners LLC grew its holdings in United Fire Group, Inc. (NASDAQ:UFCS) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,412,421 shares of the insurance provider’s stock after buying an additional 13,942 shares during the quarter. Earnest Partners LLC owned about 0.06% of United Fire Group worth $64,378,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Stone Ridge Asset Management LLC acquired a new position in shares of United Fire Group in the fourth quarter worth $684,000. Deutsche Bank AG grew its stake in shares of United Fire Group by 61.2% in the fourth quarter. Deutsche Bank AG now owns 75,582 shares of the insurance provider’s stock worth $3,442,000 after acquiring an additional 28,688 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of United Fire Group by 7.4% in the fourth quarter. Renaissance Technologies LLC now owns 134,500 shares of the insurance provider’s stock worth $6,131,000 after acquiring an additional 9,300 shares in the last quarter. Rhumbline Advisers grew its stake in shares of United Fire Group by 14.2% in the fourth quarter. Rhumbline Advisers now owns 52,124 shares of the insurance provider’s stock worth $2,376,000 after acquiring an additional 6,471 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of United Fire Group by 222.5% in the fourth quarter. Arizona State Retirement System now owns 35,541 shares of the insurance provider’s stock worth $1,620,000 after acquiring an additional 24,520 shares in the last quarter. Institutional investors and hedge funds own 61.94% of the company’s stock.
Several equities analysts have commented on UFCS shares. BidaskClub downgraded shares of United Fire Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. ValuEngine downgraded shares of United Fire Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sidoti upgraded shares of United Fire Group from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. United Fire Group has a consensus rating of “Hold” and an average price target of $46.33.
Shares of United Fire Group, Inc. (NASDAQ:UFCS) opened at $48.16 on Tuesday. The stock has a market cap of $1,189.56, a price-to-earnings ratio of 54.26 and a beta of 0.55. United Fire Group, Inc. has a 1 year low of $38.95 and a 1 year high of $49.74.
United Fire Group (NASDAQ:UFCS) last released its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.41. The business had revenue of $272.70 million during the quarter. United Fire Group had a net margin of 4.58% and a return on equity of 2.42%. During the same period last year, the firm posted $0.46 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.33%. United Fire Group’s dividend payout ratio (DPR) is currently 56.57%.
About United Fire Group
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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