Nationwide Fund Advisors reduced its position in United Fire Group Inc. (NASDAQ:UFCS) by 42.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 58,664 shares of the company’s stock after selling 43,541 shares during the period. Nationwide Fund Advisors owned approximately 0.23% of United Fire Group worth $2,489,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of UFCS. Aperio Group LLC boosted its position in shares of United Fire Group by 11.4% in the first quarter. Aperio Group LLC now owns 11,105 shares of the company’s stock worth $487,000 after buying an additional 1,136 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of United Fire Group by 3.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,196 shares of the company’s stock worth $578,000 after buying an additional 425 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of United Fire Group by 9.2% in the first quarter. Prudential Financial Inc. now owns 225,740 shares of the company’s stock worth $9,892,000 after buying an additional 19,027 shares during the last quarter. Algert Global LLC purchased a new position in shares of United Fire Group during the first quarter worth about $217,000. Finally, BlackRock Group LTD boosted its position in shares of United Fire Group by 10.0% in the first quarter. BlackRock Group LTD now owns 24,763 shares of the company’s stock worth $1,085,000 after buying an additional 2,246 shares during the last quarter. 60.34% of the stock is owned by institutional investors and hedge funds.
Shares of United Fire Group Inc. (NASDAQ:UFCS) traded down 0.69% during trading on Tuesday, reaching $41.68. The company’s stock had a trading volume of 2,365 shares. The stock’s 50-day moving average is $42.62 and its 200-day moving average is $42.55. The stock has a market cap of $1.06 billion, a P/E ratio of 13.97 and a beta of 0.28. United Fire Group Inc. has a 12-month low of $34.38 and a 12-month high of $45.75.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Tuesday, August 30th. United Fire Group’s payout ratio is currently 33.56%.
In other news, VP Neal R. Scharmer sold 2,020 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $42.50, for a total value of $85,850.00. Following the completion of the transaction, the vice president now directly owns 13,065 shares of the company’s stock, valued at $555,262.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.90% of the stock is owned by insiders.
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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