Eric J. Martin Buys 1,000 Shares of United Fire Group, Inc. (NASDAQ:UFCS) Stock

United Fire Group, Inc. (NASDAQ:UFCSGet Rating) CFO Eric J. Martin bought 1,000 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were acquired at an average price of $30.33 per share, with a total value of $30,330.00. Following the purchase, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $30,330. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of United Fire Group stock opened at $29.90 on Friday. United Fire Group, Inc. has a 12-month low of $19.85 and a 12-month high of $33.31. The stock has a market cap of $751.30 million, a PE ratio of 8.40 and a beta of 0.09. The company has a 50-day moving average of $29.71 and a two-hundred day moving average of $25.93.

United Fire Group (NASDAQ:UFCSGet Rating) last issued its earnings results on Thursday, May 5th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.29. United Fire Group had a net margin of 8.93% and a return on equity of 8.61%. During the same period in the previous year, the firm earned ($0.03) earnings per share. On average, research analysts predict that United Fire Group, Inc. will post 2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were issued a $0.15 dividend. The ex-dividend date was Thursday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.01%. United Fire Group’s dividend payout ratio (DPR) is presently 16.85%.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of United Fire Group by 1.5% in the fourth quarter. BlackRock Inc. now owns 3,537,605 shares of the insurance provider’s stock worth $82,036,000 after acquiring an additional 50,612 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of United Fire Group by 1.1% in the fourth quarter. Earnest Partners LLC now owns 1,793,931 shares of the insurance provider’s stock worth $41,601,000 after acquiring an additional 19,869 shares during the last quarter. State Street Corp raised its holdings in shares of United Fire Group by 2.9% in the fourth quarter. State Street Corp now owns 762,497 shares of the insurance provider’s stock worth $17,682,000 after acquiring an additional 21,599 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of United Fire Group by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 366,338 shares of the insurance provider’s stock worth $8,495,000 after acquiring an additional 12,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United Fire Group by 9.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 304,403 shares of the insurance provider’s stock worth $9,458,000 after acquiring an additional 25,337 shares during the last quarter. 60.65% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of United Fire Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 20th. TheStreet downgraded shares of United Fire Group from a “b-” rating to a “c” rating in a research report on Thursday, May 5th. Piper Sandler raised their price objective on shares of United Fire Group from $30.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, March 21st. Finally, StockNews.com assumed coverage on shares of United Fire Group in a research report on Thursday, March 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $36.00.

United Fire Group Company Profile (Get Rating)

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 commercial multiple peril and inland marine insurance, as well as assumed reinsurance products.

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