New York State Teachers Retirement System raised its position in United Fire Group Inc. (NASDAQ:UFCS) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,459 shares of the company’s stock after buying an additional 3,100 shares during the period. New York State Teachers Retirement System’s holdings in United Fire Group were worth $2,480,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Huntington Asset Advisors Inc. acquired a new stake in shares of United Fire Group during the first quarter worth about $179,000. Capstone Asset Management Co. raised its stake in shares of United Fire Group by 2.8% in the second quarter. Capstone Asset Management Co. now owns 6,633 shares of the company’s stock worth $281,000 after buying an additional 180 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in United Fire Group by 101.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,835 shares of the company’s stock worth $290,000 after buying an additional 3,435 shares during the period. Aperio Group LLC increased its position in United Fire Group by 11.4% in the first quarter. Aperio Group LLC now owns 11,105 shares of the company’s stock worth $487,000 after buying an additional 1,136 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in United Fire Group by 3.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,196 shares of the company’s stock worth $578,000 after buying an additional 425 shares during the period. 60.34% of the stock is currently owned by hedge funds and other institutional investors.
United Fire Group Inc. (NASDAQ:UFCS) traded up 0.74% during trading on Friday, hitting $41.97. The stock had a trading volume of 56,151 shares. The firm’s 50 day moving average is $42.48 and its 200 day moving average is $42.52. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 14.07 and a beta of 0.28. United Fire Group Inc. has a 1-year low of $35.16 and a 1-year high of $45.75.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Tuesday, August 30th. United Fire Group’s dividend payout ratio is presently 33.56%.
In other news, VP Neal R. Scharmer sold 2,020 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $42.50, for a total value of $85,850.00. Following the sale, the vice president now owns 13,065 shares of the company’s stock, valued at approximately $555,262.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.90% of the stock is 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.