Yousif Capital Management LLC Buys Shares of 8,129 United Fire Group, Inc. (NASDAQ:UFCS)

Yousif Capital Management LLC purchased a new position in United Fire Group, Inc. (NASDAQ:UFCS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,129 shares of the insurance provider’s stock, valued at approximately $231,000.

A number of other large investors have also recently made changes to their positions in UFCS. State Street Corp lifted its holdings in United Fire Group by 2.2% during the 3rd quarter. State Street Corp now owns 821,566 shares of the insurance provider’s stock worth $17,195,000 after purchasing an additional 17,415 shares in the last quarter. Geode Capital Management LLC increased its position in shares of United Fire Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 502,232 shares of the insurance provider’s stock valued at $10,514,000 after buying an additional 2,925 shares during the period. Systematic Financial Management LP increased its position in shares of United Fire Group by 11.0% during the third quarter. Systematic Financial Management LP now owns 485,633 shares of the insurance provider’s stock valued at $10,164,000 after buying an additional 48,049 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of United Fire Group by 42.3% in the third quarter. Assenagon Asset Management S.A. now owns 315,779 shares of the insurance provider’s stock worth $6,609,000 after buying an additional 93,836 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of United Fire Group by 71.9% in the third quarter. Foundry Partners LLC now owns 178,155 shares of the insurance provider’s stock valued at $3,729,000 after acquiring an additional 74,540 shares during the period. 62.68% of the stock is owned by institutional investors.

Insider Transactions at United Fire Group

In related news, VP Corey Lynn Ruehle sold 2,664 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $29.60, for a total transaction of $78,854.40. Following the transaction, the vice president now directly owns 12,523 shares of the company’s stock, valued at approximately $370,680.80. This trade represents a 17.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Noyce bought 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 27,316 shares in the company, valued at $736,712.52. The trade was a 7.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.99% of the stock is currently owned by insiders.

United Fire Group Stock Down 1.0 %

NASDAQ:UFCS opened at $26.50 on Tuesday. The stock has a market cap of $671.51 million, a P/E ratio of 13.66 and a beta of 0.53. The business’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $24.01. United Fire Group, Inc. has a twelve month low of $18.04 and a twelve month high of $31.70.

United Fire Group (NASDAQ:UFCS) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.64. United Fire Group had a net margin of 4.15% and a return on equity of 6.75%. On average, equities research analysts expect that United Fire Group, Inc. will post 1.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of United Fire Group from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. StockNews.com raised shares of United Fire Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.

About United Fire Group

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.