United Fire Group Inc. (UFCS) Announces Quarterly Dividend of $0.25
United Fire Group Inc. (NASDAQ:UFCS) announced a quarterly dividend on Friday, November 18th. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.25 per share on Thursday, December 15th. This represents a $1.00 annualized dividend and a yield of 2.19%.
Shares of United Fire Group (NASDAQ:UFCS) opened at 45.71 on Monday. The firm has a 50-day moving average price of $41.35 and a 200 day moving average price of $41.91. The company has a market cap of $1.16 billion, a P/E ratio of 17.05 and a beta of 0.29. United Fire Group has a 12 month low of $35.16 and a 12 month high of $45.75.
In other news, VP Neal R. Scharmer sold 4,639 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $44.95, for a total value of $208,523.05. Following the transaction, the vice president now directly owns 17,404 shares of the company’s stock, valued at $782,309.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Sheeley sold 925 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $38.81, for a total value of $35,899.25. Following the completion of the transaction, the chief operating officer now directly owns 8,035 shares in the company, valued at $311,838.35. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in United Fire Group during the third quarter valued at approximately $159,000. Riverhead Capital Management LLC raised its stake in United Fire Group by 296.0% in the second quarter. Riverhead Capital Management LLC now owns 5,346 shares of the company’s stock valued at $201,000 after buying an additional 3,996 shares during the period. BlackRock Inc. raised its stake in United Fire Group by 274.4% in the second quarter. BlackRock Inc. now owns 5,994 shares of the company’s stock valued at $254,000 after buying an additional 4,393 shares during the period. Stevens Capital Management LP raised its stake in United Fire Group by 7.3% in the second quarter. Stevens Capital Management LP now owns 6,737 shares of the company’s stock valued at $286,000 after buying an additional 456 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in United Fire Group by 5.5% in the second quarter. Thrivent Financial for Lutherans now owns 10,270 shares of the company’s stock valued at $436,000 after buying an additional 540 shares during the period. 60.54% of the stock is currently owned by institutional investors and hedge funds.
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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