Earnest Partners LLC Grows Stock Holdings in United Fire Group, Inc. (NASDAQ:UFCS)

Earnest Partners LLC lifted its position in shares of United Fire Group, Inc. (NASDAQ:UFCS) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,458,081 shares of the insurance provider’s stock after purchasing an additional 14,617 shares during the period. Earnest Partners LLC owned about 0.06% of United Fire Group worth $70,659,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC purchased a new stake in shares of United Fire Group during the 2nd quarter worth $795,000. Strs Ohio lifted its position in shares of United Fire Group by 7.7% during the 2nd quarter. Strs Ohio now owns 5,600 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 400 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of United Fire Group by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 14,493 shares of the insurance provider’s stock worth $633,000 after purchasing an additional 547 shares during the last quarter. 6 Meridian lifted its position in shares of United Fire Group by 3.1% during the 2nd quarter. 6 Meridian now owns 13,450 shares of the insurance provider’s stock worth $652,000 after purchasing an additional 410 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of United Fire Group by 200.3% during the 1st quarter. SG Americas Securities LLC now owns 9,557 shares of the insurance provider’s stock worth $418,000 after purchasing an additional 6,374 shares during the last quarter. 61.36% of the stock is owned by institutional investors and hedge funds.

In related news, VP Neal R. Scharmer sold 985 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $48.93, for a total value of $48,196.05. Following the completion of the sale, the vice president now directly owns 16,662 shares of the company’s stock, valued at $815,271.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Neal R. Scharmer sold 2,176 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $49.24, for a total transaction of $107,146.24. Following the completion of the sale, the vice president now directly owns 17,647 shares of the company’s stock, valued at $868,938.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,026 shares of company stock valued at $394,639. 6.66% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on the stock. TheStreet cut shares of United Fire Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 28th. BidaskClub raised shares of United Fire Group from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd.

United Fire Group stock opened at $46.92 on Friday. The stock has a market cap of $1.15 billion, a P/E ratio of 2,280.00 and a beta of -0.07. The company has a fifty day simple moving average of $47.23 and a 200-day simple moving average of $46.52. United Fire Group, Inc. has a 12-month low of $40.86 and a 12-month high of $56.21.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.60). United Fire Group had a net margin of 1.91% and a return on equity of 0.11%. The company had revenue of $304.20 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.33 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.32 dividend on an annualized basis and a yield of 2.81%.

United Fire Group 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, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

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

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