United Fire Group Inc. (UFCS) Shares Sold by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. cut its position in shares of United Fire Group Inc. (NASDAQ:UFCS) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,241 shares of the company’s stock after selling 18,555 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.99% of United Fire Group worth $10,590,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UFCS. Macquarie Group Ltd. raised its stake in shares of United Fire Group by 27.3% in the second quarter. Macquarie Group Ltd. now owns 345,386 shares of the company’s stock worth $14,655,000 after buying an additional 74,120 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of United Fire Group during the second quarter worth $177,000. Public Employees Retirement System of Ohio raised its stake in shares of United Fire Group by 684.6% in the second quarter. Public Employees Retirement System of Ohio now owns 41,087 shares of the company’s stock worth $1,743,000 after buying an additional 35,850 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of United Fire Group by 18.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,984 shares of the company’s stock worth $721,000 after buying an additional 2,625 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of United Fire Group by 1.8% in the second quarter. Arizona State Retirement System now owns 11,021 shares of the company’s stock worth $468,000 after buying an additional 200 shares in the last quarter. Institutional investors own 60.04% of the company’s stock.
Shares of United Fire Group Inc. (NASDAQ:UFCS) traded down 0.24% during mid-day trading on Tuesday, hitting $45.84. 14,178 shares of the company were exchanged. United Fire Group Inc. has a 12-month low of $35.16 and a 12-month high of $46.95. The company’s 50-day moving average price is $41.92 and its 200-day moving average price is $42.10. The firm has a market capitalization of $1.16 billion, a P/E ratio of 17.10 and a beta of 0.29.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.16%. United Fire Group’s payout ratio is presently 37.17%.
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In other United Fire Group news, COO Michael J. Sheeley sold 925 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $38.81, for a total transaction of $35,899.25. Following the transaction, the chief operating officer now owns 8,035 shares in the company, valued at approximately $311,838.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Neal R. Scharmer sold 4,639 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $44.95, for a total transaction of $208,523.05. Following the transaction, the vice president now owns 17,404 shares in the company, valued at approximately $782,309.80. The disclosure for this sale can be found here. Company insiders own 5.90% 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.
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