United Fire Group (UFCS) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United Fire Group in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" UFCS shares.
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1 Wall Street research analysts have issued 12 month target prices for United Fire Group's stock. Their UFCS share price forecasts range from $19.00 to $19.00. On average, they expect the company's share price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 5.2%.
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United Fire Group's stock was trading at $27.36 at the beginning of 2023. Since then, UFCS stock has decreased by 26.8% and is now trading at $20.04.
View the best growth stocks for 2023 here.

United Fire Group saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 260,400 shares, an increase of 20.0% from the August 31st total of 217,000 shares. Based on an average daily volume of 92,200 shares, the short-interest ratio is presently 2.8 days. Approximately 1.2% of the company's shares are short sold.
View United Fire Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our UFCS earnings forecast.

United Fire Group, Inc. (NASDAQ:UFCS) released its quarterly earnings data on Monday, August, 7th. The insurance provider reported ($2.27) EPS for the quarter, hitting analysts' consensus estimates of ($2.27). The insurance provider had revenue of $267.09 million for the quarter, compared to analyst estimates of $266.80 million. United Fire Group had a negative net margin of 5.58% and a negative trailing twelve-month return on equity of 8.70%.

United Fire Group announced a quarterly dividend on Friday, August 18th. Shareholders of record on Friday, September 1st will be given a dividend of $0.16 per share on Friday, September 15th. This represents a $0.64 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for UFCS.

United Fire Group (NASDAQ:UFCS) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.17%.
Read our dividend analysis for UFCS.

52 employees have rated United Fire Group Chief Executive Officer Randy A. Ramlo on Glassdoor.com. Randy A. Ramlo has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other United Fire Group investors own include STORE Capital (STOR), Wells Fargo & Company (WFC), Dominion Energy (D), Ford Motor (F), Johnson & Johnson (JNJ), Moelis & Company (MC), PepsiCo (PEP), Progenics Pharmaceuticals (PGNX), RLI (RLI) and SEI Investments (SEIC).

United Fire Group trades on the NASDAQ under the ticker symbol "UFCS."

United Fire Group's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.99%), Dimensional Fund Advisors LP (6.56%), Earnest Partners LLC (5.49%), State Street Corp (3.26%), Geode Capital Management LLC (1.75%) and Charles Schwab Investment Management Inc. (1.24%). Insiders that own company stock include Christopher R Drahozal, Eric J Martin, George D Milligan, James Noyce, Lura E Mcbride, Mark A Green, Micah G Woolstenhulme, Micah G Woolstenhulme, Michael T Wilkins, Randy A Ramlo and Scott L Carlton.
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Shares of UFCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UFCS stock can currently be purchased for approximately $20.04.

United Fire Group (NASDAQ:UFCS) has a market capitalization of $506.21 million and generates $980.29 million in revenue each year. The insurance provider earns $15.03 million in net income (profit) each year or ($2.32) on an earnings per share basis.

The company employs 1,091 workers across the globe.

United Fire Group's mailing address is 118 SECOND AVE SE, CEDAR RAPIDS IA, 52407. The official website for the company is www.ufginsurance.com. The insurance provider can be reached via phone at (319) 399-5700, via email at ir@unitedfiregroup.com, or via fax at 319-399-5499.