United Fire Group Inc. (NASDAQ:UFCS) VP Neal R. Scharmer sold 4,639 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were 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 approximately $782,309.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of United Fire Group Inc. (NASDAQ:UFCS) traded down 0.96% during trading on Monday, hitting $45.27. The company’s stock had a trading volume of 12,656 shares. The company has a 50-day moving average price of $41.35 and a 200-day moving average price of $41.91. United Fire Group Inc. has a one year low of $35.16 and a one year high of $46.27. The stock has a market cap of $1.15 billion, a PE ratio of 16.89 and a beta of 0.29.

Insider Buying and Selling by Quarter for United Fire Group (NASDAQ:UFCS)

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, November 29th. United Fire Group’s dividend payout ratio (DPR) is presently 37.17%.

A number of institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its position in shares of United Fire Group by 3.9% in the second quarter. Prudential Financial Inc. now owns 234,640 shares of the company’s stock valued at $9,956,000 after buying an additional 8,900 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of United Fire Group by 6.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 600,847 shares of the company’s stock valued at $26,329,000 after buying an additional 38,900 shares during the period. New York State Teachers Retirement System boosted its position in shares of United Fire Group by 5.6% in the second quarter. New York State Teachers Retirement System now owns 58,459 shares of the company’s stock valued at $2,480,000 after buying an additional 3,100 shares during the period. Swiss National Bank boosted its position in shares of United Fire Group by 2.5% in the second quarter. Swiss National Bank now owns 36,400 shares of the company’s stock valued at $1,544,000 after buying an additional 900 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of United Fire Group during the first quarter valued at about $1,551,000. Hedge funds and other institutional investors own 60.69% of the company’s stock.

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.

5 Day Chart for NASDAQ:UFCS

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