Menta Capital LLC decreased its position in shares of United Fire Group, Inc (NASDAQ:UFCS) by 37.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,732 shares of the insurance provider’s stock after selling 9,900 shares during the period. Menta Capital LLC owned 0.07% of United Fire Group worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. UBS Asset Management Americas Inc. purchased a new stake in United Fire Group during the second quarter valued at approximately $231,000. New York State Common Retirement Fund lifted its position in United Fire Group by 1.0% during the second quarter. New York State Common Retirement Fund now owns 350,025 shares of the insurance provider’s stock valued at $15,422,000 after acquiring an additional 3,399 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in United Fire Group by 4.1% during the second quarter. Thrivent Financial For Lutherans now owns 28,700 shares of the insurance provider’s stock valued at $1,265,000 after acquiring an additional 1,120 shares during the last quarter. Stevens Capital Management LP purchased a new stake in United Fire Group during the second quarter valued at approximately $295,000. Finally, Nationwide Fund Advisors lifted its position in United Fire Group by 3.0% during the second quarter. Nationwide Fund Advisors now owns 22,156 shares of the insurance provider’s stock valued at $976,000 after acquiring an additional 653 shares during the last quarter. 58.23% of the stock is owned by institutional investors.

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A number of equities research analysts recently commented on UFCS shares. BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Sandler O’Neill raised shares of United Fire Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $46.00 to $47.00 in a report on Friday, September 22nd. Finally, Sidoti assumed coverage on shares of United Fire Group in a report on Friday, June 9th. They issued a “neutral” rating and a $48.00 price target for the company.

United Fire Group, Inc (NASDAQ UFCS) opened at 46.19 on Thursday. The firm has a 50 day moving average of $42.53 and a 200-day moving average of $43.17. United Fire Group, Inc has a 12-month low of $37.54 and a 12-month high of $50.75. The stock has a market cap of $1.16 billion, a PE ratio of 25.37 and a beta of 0.77.

United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $284.30 million for the quarter. United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. On average, analysts expect that United Fire Group, Inc will post $1.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.46%. United Fire Group’s dividend payout ratio is presently 61.20%.

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.

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

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