United Fire Group, Inc. (NASDAQ:UFCS) Director Acquires $53,940.00 in Stock

United Fire Group, Inc. (NASDAQ:UFCS) Director James Noyce purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of $26.97 per share, for a total transaction of $53,940.00. Following the transaction, the director now owns 27,316 shares of the company’s stock, valued at $736,712.52. This trade represents a 7.90 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

United Fire Group Stock Performance

Shares of United Fire Group stock opened at $26.50 on Monday. The business’s 50 day simple moving average is $27.33 and its 200 day simple moving average is $23.98. United Fire Group, Inc. has a 52-week low of $18.04 and a 52-week high of $31.70. The firm has a market cap of $671.51 million, a PE ratio of 13.66 and a beta of 0.53.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On United Fire Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in United Fire Group by 0.7% in the fourth quarter. Rhumbline Advisers now owns 66,148 shares of the insurance provider’s stock valued at $1,882,000 after purchasing an additional 480 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in United Fire Group by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 37,296 shares of the insurance provider’s stock valued at $1,061,000 after purchasing an additional 945 shares in the last quarter. Martingale Asset Management L P grew its stake in United Fire Group by 2.2% in the third quarter. Martingale Asset Management L P now owns 44,090 shares of the insurance provider’s stock valued at $923,000 after purchasing an additional 947 shares in the last quarter. R Squared Ltd bought a new position in United Fire Group in the fourth quarter valued at approximately $27,000. Finally, Legal & General Group Plc grew its stake in United Fire Group by 3.1% in the fourth quarter. Legal & General Group Plc now owns 55,882 shares of the insurance provider’s stock valued at $1,590,000 after purchasing an additional 1,676 shares in the last quarter. Institutional investors and hedge funds own 62.68% of the company’s stock.

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.