Macquarie Group Ltd. boosted its stake in United Fire Group Inc. (NASDAQ:UFCS) by 27.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 345,386 shares of the company’s stock after buying an additional 74,120 shares during the period. Macquarie Group Ltd. owned approximately 1.36% of United Fire Group worth $14,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PineBridge Investments L.P. boosted its position in shares of United Fire Group by 4.4% in the second quarter. PineBridge Investments L.P. now owns 2,700 shares of the company’s stock worth $114,000 after buying an additional 113 shares during the period. Teacher Retirement System of Texas boosted its position in shares of United Fire Group by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,981 shares of the company’s stock worth $126,000 after buying an additional 365 shares during the period. Mason Street Advisors LLC bought a new position in shares of United Fire Group during the second quarter worth about $177,000. First Mercantile Trust Co. boosted its position in shares of United Fire Group by 80.4% in the second quarter. First Mercantile Trust Co. now owns 4,330 shares of the company’s stock worth $184,000 after buying an additional 1,930 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in shares of United Fire Group by 296.0% in the second quarter. Riverhead Capital Management LLC now owns 5,346 shares of the company’s stock worth $201,000 after buying an additional 3,996 shares during the period. 60.04% of the stock is owned by hedge funds and other institutional investors.

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

Shares of United Fire Group Inc. (NASDAQ:UFCS) traded up 0.59% on Tuesday, reaching $46.22. 10,515 shares of the company’s stock were exchanged. The company has a market capitalization of $1.17 billion, a P/E ratio of 17.24 and a beta of 0.29. United Fire Group Inc. has a 1-year low of $35.16 and a 1-year high of $46.95. The stock’s 50-day moving average price is $41.92 and its 200-day moving average price is $42.10.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Tuesday, November 29th. United Fire Group’s payout ratio is currently 37.17%.

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In other news, COO Michael J. Sheeley sold 925 shares of United Fire Group 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 of the company’s stock, valued at approximately $311,838.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Neal R. Scharmer sold 4,639 shares of United Fire Group stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $44.95, for a total transaction of $208,523.05. Following the completion of the transaction, the vice president now directly owns 17,404 shares of the company’s stock, valued at $782,309.80. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

United Fire Group Company 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.

5 Day Chart for NASDAQ:UFCS

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