Thrivent Financial for Lutherans Sells 927 Shares of United Fire Group, Inc. (NASDAQ:UFCS)

Thrivent Financial for Lutherans reduced its position in United Fire Group, Inc. (NASDAQ:UFCS) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,712 shares of the insurance provider’s stock after selling 927 shares during the period. Thrivent Financial for Lutherans’ holdings in United Fire Group were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in United Fire Group by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 71,070 shares of the insurance provider’s stock worth $1,487,000 after purchasing an additional 3,618 shares during the period. GSA Capital Partners LLP grew its holdings in United Fire Group by 12.9% during the third quarter. GSA Capital Partners LLP now owns 84,851 shares of the insurance provider’s stock valued at $1,776,000 after purchasing an additional 9,704 shares during the period. Los Angeles Capital Management LLC increased its position in United Fire Group by 16.6% in the third quarter. Los Angeles Capital Management LLC now owns 46,710 shares of the insurance provider’s stock worth $978,000 after buying an additional 6,640 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of United Fire Group by 42.3% in the third quarter. Assenagon Asset Management S.A. now owns 315,779 shares of the insurance provider’s stock worth $6,609,000 after buying an additional 93,836 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in shares of United Fire Group during the 3rd quarter valued at about $761,000. Institutional investors own 62.68% of the company’s stock.

Analyst Ratings Changes

UFCS has been the subject of a number of analyst reports. StockNews.com raised shares of United Fire Group from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Piper Sandler raised shares of United Fire Group from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $26.00 in a report on Monday, November 18th.

United Fire Group Price Performance

Shares of NASDAQ UFCS opened at $31.54 on Friday. The business’s 50 day moving average is $23.54 and its two-hundred day moving average is $21.90. The stock has a market capitalization of $799.22 million, a P/E ratio of 16.26 and a beta of 0.53. United Fire Group, Inc. has a 1-year low of $18.04 and a 1-year high of $31.67.

United Fire Group (NASDAQ:UFCS) last posted its earnings results on Tuesday, November 5th. The insurance provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.60. United Fire Group had a net margin of 4.15% and a return on equity of 6.75%. The business had revenue of $322.96 million for the quarter, compared to the consensus estimate of $306.80 million. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities research analysts anticipate that United Fire Group, Inc. will post 1.84 earnings per share for the current fiscal year.

United Fire Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 2.03%. United Fire Group’s dividend payout ratio (DPR) is presently 32.99%.

About United Fire Group

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.