9,915 Shares in United Fire Group, Inc. (NASDAQ:UFCS) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in United Fire Group, Inc. (NASDAQ:UFCS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,915 shares of the insurance provider’s stock, valued at approximately $213,000.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of United Fire Group during the second quarter valued at $4,770,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $915,000 after acquiring an additional 1,071 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of United Fire Group during the 1st quarter valued at about $202,000. Charles Schwab Investment Management Inc. grew its stake in shares of United Fire Group by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,590 shares of the insurance provider’s stock worth $7,315,000 after acquiring an additional 27,213 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of United Fire Group by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 193,283 shares of the insurance provider’s stock valued at $4,154,000 after purchasing an additional 1,023 shares during the last quarter. 62.68% of the stock is currently owned by hedge funds and other institutional investors.

United Fire Group Stock Up 0.1 %

NASDAQ UFCS opened at $20.76 on Monday. The company has a 50-day moving average price of $20.53 and a 200-day moving average price of $21.44. United Fire Group, Inc. has a 52 week low of $18.04 and a 52 week high of $25.55. The firm has a market capitalization of $525.14 million, a P/E ratio of -30.09 and a beta of 0.36.

United Fire Group (NASDAQ:UFCS) last announced its earnings results on Tuesday, August 6th. The insurance provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $301.17 million for 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 in the prior year, the company posted ($2.27) earnings per share. As a group, equities research analysts anticipate that United Fire Group, Inc. will post 1.1 EPS for the current year.

United Fire Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.16 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.08%. United Fire Group’s dividend payout ratio is currently -92.75%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of United Fire Group from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Piper Sandler lowered their price target on 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 Company Profile

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.