United Fire Group - UFCS Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United Fire Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" UFCS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UFCS, but not buy additional shares or sell existing shares.
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1 analysts have issued 12-month price targets for United Fire Group's stock. Their UFCS share price forecasts range from $30.00 to $30.00. On average, they expect the company's share price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
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United Fire Group's stock was trading at $27.36 at the beginning of 2023. Since then, UFCS shares have increased by 17.4% and is now trading at $32.13.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our UFCS earnings forecast.

United Fire Group will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "8764312".

United Fire Group, Inc. (NASDAQ:UFCS) posted its earnings results on Thursday, November, 4th. The insurance provider reported ($0.31) earnings per share for the quarter, hitting the consensus estimate of ($0.31). The insurance provider earned $248.54 million during the quarter, compared to the consensus estimate of $254.90 million. United Fire Group had a trailing twelve-month return on equity of 8.22% and a net margin of 5.41%. During the same period in the previous year, the firm posted ($1.37) earnings per share.

United Fire Group announced a quarterly dividend on Friday, November 18th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.16 per share on Friday, December 16th. This represents a $0.64 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 1st.
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 2.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UFCS will have a dividend payout ratio of 45.71% next year. This indicates that the company will be able to sustain or increase its dividend.
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 a variety of institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (1.10%), Allspring Global Investments Holdings LLC (0.67%), Foundry Partners LLC (0.47%), Envestnet Asset Management Inc. (0.32%), Oppenheimer Asset Management Inc. (0.07%) and Texas Permanent School Fund (0.06%). Insiders that own company stock include Dawn M Jaffray, Eric J Martin, George D Milligan, James Noyce, Lura E Mcbride, Mark A Green, Mary K Quass, Micah G Woolstenhulme, Micah G Woolstenhulme, Michael T Wilkins, Randy A Ramlo, Robert Francis Cataldo 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 $32.13.

United Fire Group (NASDAQ:UFCS) has a market capitalization of $809.68 million and generates $1.07 billion in revenue each year. The insurance provider earns $80.59 million in net income (profit) each year or $2.07 on an earnings per share basis.

The company employs 1,086 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.