United Fire Group (NASDAQ:UFCS - Get Free Report) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect United Fire Group to post earnings of $0.55 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
United Fire Group (NASDAQ:UFCS - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The insurance provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.12. United Fire Group had a negative return on equity of 4.38% and a negative net margin of 2.71%. The company had revenue of $287.32 million for the quarter, compared to analyst estimates of $278.70 million. On average, analysts expect United Fire Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
United Fire Group Trading Down 0.1 %
NASDAQ:UFCS traded down $0.03 during midday trading on Tuesday, hitting $22.09. 79,445 shares of the company traded hands, compared to its average volume of 87,457. The firm's fifty day moving average is $22.32 and its 200-day moving average is $21.47. United Fire Group has a 12-month low of $18.41 and a 12-month high of $27.72. The firm has a market capitalization of $558.44 million, a P/E ratio of -18.64 and a beta of 0.35.
United Fire Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 2.90%. United Fire Group's payout ratio is presently -54.24%.
Insiders Place Their Bets
In other news, Director Christopher R. Drahozal sold 2,500 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $21.90, for a total transaction of $54,750.00. Following the transaction, the director now owns 451,863 shares in the company, valued at $9,895,799.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Christopher R. Drahozal sold 2,500 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $21.90, for a total transaction of $54,750.00. Following the transaction, the director now owns 451,863 shares in the company, valued at $9,895,799.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Micah G. Woolstenhulme purchased 1,500 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $21.76 per share, for a total transaction of $32,640.00. Following the purchase, the vice president now owns 32,763 shares of the company's stock, valued at approximately $712,922.88. The disclosure for this purchase can be found here. Insiders own 5.99% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on UFCS shares. Piper Sandler reiterated an "underweight" rating and issued a $21.00 target price on shares of United Fire Group in a research note on Monday, April 1st. StockNews.com upgraded United Fire Group from a "hold" rating to a "buy" rating in a research note on Wednesday, February 14th.
Read Our Latest Research Report on United Fire Group
About United Fire Group
(
Get Free Report)
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.
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