Arizona State Retirement System Has $494,000 Position in United Fire Group, Inc (UFCS)

Arizona State Retirement System reduced its position in shares of United Fire Group, Inc (NASDAQ:UFCS) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,221 shares of the insurance provider’s stock after selling 100 shares during the period. Arizona State Retirement System’s holdings in United Fire Group were worth $494,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UFCS. Thrivent Financial For Lutherans grew its position in shares of United Fire Group by 21.4% in the first quarter. Thrivent Financial For Lutherans now owns 27,580 shares of the insurance provider’s stock valued at $1,180,000 after purchasing an additional 4,870 shares during the last quarter. State of Alaska Department of Revenue boosted its position in United Fire Group by 2.1% during the first quarter. State of Alaska Department of Revenue now owns 2,390 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 50 shares during the last quarter. BlackRock Inc. boosted its position in United Fire Group by 42,903.1% during the first quarter. BlackRock Inc. now owns 2,405,592 shares of the insurance provider’s stock worth $102,887,000 after acquiring an additional 2,399,998 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in United Fire Group by 13.9% during the first quarter. Parametric Portfolio Associates LLC now owns 65,591 shares of the insurance provider’s stock worth $2,805,000 after acquiring an additional 8,017 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in United Fire Group by 1.4% during the fourth quarter. Teachers Advisors LLC now owns 35,954 shares of the insurance provider’s stock worth $1,768,000 after acquiring an additional 503 shares during the last quarter. 58.23% of the stock is owned by institutional investors.

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United Fire Group, Inc (NASDAQ:UFCS) traded up 7.28% during mid-day trading on Friday, hitting $45.08. 113,208 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.13 billion, a P/E ratio of 24.76 and a beta of 0.77. The firm has a 50 day moving average of $42.53 and a 200 day moving average of $43.17. United Fire Group, Inc has a 52 week low of $37.54 and a 52 week high of $50.75.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. The company had revenue of $284.30 million for the quarter. Equities analysts forecast that United Fire Group, Inc will post $1.60 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.48%. United Fire Group’s payout ratio is presently 61.20%.

UFCS has been the topic of several analyst reports. BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Sidoti assumed coverage on shares of United Fire Group in a report on Friday, June 9th. They set a “neutral” rating and a $48.00 price objective for the company. Finally, Sandler O’Neill raised shares of United Fire Group from a “hold” rating to a “buy” rating in a report on Friday.

United Fire Group Profile

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.

Institutional Ownership by Quarter for United Fire Group (NASDAQ:UFCS)

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