James Noyce Acquires 2,000 Shares of United Fire Group, Inc. (NASDAQ:UFCS) Stock

United Fire Group, Inc. (NASDAQ:UFCS) Director James Noyce purchased 2,000 shares of the stock in a transaction on Friday, February 14th. The shares were bought at an average price of $26.97 per share, for a total transaction of $53,940.00. Following the acquisition, the director now owns 27,316 shares of the company’s stock, valued at approximately $736,712.52. The trade was a 7.90 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

United Fire Group Stock Down 1.0 %

Shares of UFCS stock opened at $26.50 on Friday. United Fire Group, Inc. has a 12 month low of $18.04 and a 12 month high of $31.70. The firm has a market cap of $671.51 million, a PE ratio of 13.66 and a beta of 0.53. The stock has a 50 day moving average of $27.33 and a 200-day moving average of $23.97.

United Fire Group (NASDAQ:UFCS) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.25 EPS for the quarter, beating the consensus estimate of $0.61 by $0.64. United Fire Group had a net margin of 4.15% and a return on equity of 6.75%. As a group, equities analysts predict that United Fire Group, Inc. will post 1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UFCS. StockNews.com upgraded shares of United Fire Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Piper Sandler lifted their price objective on United Fire Group from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday.

Institutional Investors Weigh In On United Fire Group

Several hedge funds have recently made changes to their positions in UFCS. Mercer Global Advisors Inc. ADV bought a new position in United Fire Group during the fourth quarter valued at about $217,000. Northern Trust Corp grew its holdings in shares of United Fire Group by 1.2% during the 4th quarter. Northern Trust Corp now owns 220,022 shares of the insurance provider’s stock worth $6,260,000 after purchasing an additional 2,648 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of United Fire Group during the fourth quarter valued at approximately $223,000. Tudor Investment Corp ET AL increased its position in shares of United Fire Group by 13.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 79,832 shares of the insurance provider’s stock valued at $2,271,000 after purchasing an additional 9,708 shares during the period. Finally, Aquatic Capital Management LLC raised its stake in shares of United Fire Group by 716.3% in the fourth quarter. Aquatic Capital Management LLC now owns 2,449 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 2,149 shares in the last quarter. Institutional investors own 62.68% of the company’s stock.

United Fire Group Company Profile

United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers’ compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.