SEC Form SC 13G/A filed by United Fire Group Inc. (Amendment)

2/14/24 1:10:16 PM ET

Property-Casualty Insurers

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SC 13G/A 1 ufcs13g22nd1223.txt UNITED FIRE GROUP, INC. - 12/31/2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._22_) UNITED FIRE GROUP, INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 910340108 ------------------------------ (CUSIP Number) 12/31/2023 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP NO. 910340108 --------- ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). EARNEST Partners, LLC ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,070,490 NUMBER OF ----------------------------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ----------------------------------------------------------------- EACH REPORTING 7 SOLE DISPOSITIVE POWER 1,288,566 PERSON WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,288,566 ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)[ ] ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) ------------------------------------------------------------------------------- IA ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Item 1 (a) Name of Issuer UNITED FIRE GROUP, INC. (b) Address of Issuer's Principal Executive Offices 118 Second Avenue SE, Cedar Rapids, Iowa 52401 Item 2 (a) Name of Person Filing EARNEST Partners, LLC (b) Address of Principal Business Office or, if none, Residence 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 910340108 Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,288,566 (b) Percent of class: 5.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,070,490 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 1,288,566 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person. EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). No client interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of a Group Not Applicable Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2024 ---------------------------------- Date /s/ James M. Wilson ---------------------------------- Signature James M. Wilson Chief Compliance Officer ---------------------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) ACN/Form 13G (C) 2006: Advisor Consultant Network, Inc.

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Recent Analyst Ratings for

$UFCS

Date	Price Target	Rating	Analyst
11/18/2024	$19.00 → $26.00	Underweight → Neutral	Piper Sandler
2/13/2023	$30.00 → $25.00	Neutral → Underweight	Piper Sandler
10/28/2022	$37.00 → $31.00	Overweight → Neutral	Piper Sandler
8/5/2022	$37.00	Neutral → Overweight	Piper Sandler
6/27/2022	$37.00	Overweight → Neutral	Piper Sandler
12/1/2021	$22.00 → $25.00	Neutral → Overweight	Piper Sandler
6/28/2021	$38.00	Neutral → Buy	Sidoti

More analyst ratings

SEC Form SC 13G/A filed by United Fire Group Inc. (Amendment)

2/14/24 1:10:16 PM ET

$UFCS

Property-Casualty Insurers

Finance

Get the next $UFCS alert in real time by email

Recent Analyst Ratings for

$UFCS

Date	Price Target	Rating	Analyst
11/18/2024	$19.00 → $26.00	Underweight → Neutral	Piper Sandler
2/13/2023	$30.00 → $25.00	Neutral → Underweight	Piper Sandler
10/28/2022	$37.00 → $31.00	Overweight → Neutral	Piper Sandler
8/5/2022	$37.00	Neutral → Overweight	Piper Sandler
6/27/2022	$37.00	Overweight → Neutral	Piper Sandler
12/1/2021	$22.00 → $25.00	Neutral → Overweight	Piper Sandler
6/28/2021	$38.00	Neutral → Buy	Sidoti

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SEC Form SC 13G/A filed by United Fire Group Inc. (Amendment)

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Press Releases

United Fire Group, Inc. declares quarterly cash dividend of $0.16 per share

United Fire Group, Inc. reports third quarter 2025 results

United Fire Group, Inc. announces its third quarter 2025 earnings call

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SEC Filings

United Fire Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by United Fire Group Inc.

United Fire Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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Insider Purchases

Chief Financial Officer Martin Eric J bought $14,500 worth of shares (500 units at $29.00), increasing direct ownership by 1% to 35,155 units (SEC Form 4)

Director Milligan George D bought $94,395 worth of shares (3,500 units at $26.97), increasing direct ownership by 5% to 79,446 units (SEC Form 4)

Director Noyce James bought $53,940 worth of shares (2,000 units at $26.97), increasing direct ownership by 8% to 27,316 units (SEC Form 4)

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Analyst Ratings

United Fire Group upgraded by Piper Sandler with a new price target

United Fire Group downgraded by Piper Sandler with a new price target

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Insider Trading

New insider Rawlins Brian Keith claimed ownership of 5,192 shares (SEC Form 3)

Director Spencer Gilda Livingston was granted 2,324 shares, increasing direct ownership by 2,324% to 2,424 units (SEC Form 4)

VP - Chief Accounting Officer Vogt Adam M covered exercise/tax liability with 644 shares, decreasing direct ownership by 8% to 7,247 units (SEC Form 4)

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by United Fire Group Inc.

Amendment: SEC Form SC 13G/A filed by United Fire Group Inc.