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 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" UFCS shares.
View UFCS analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12 month target prices for United Fire Group's stock. Their UFCS share price forecasts range from $37.00 to $37.00. On average, they predict the company's share price to reach $37.00 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for UFCS or view top-rated stocks among Wall Street analysts.

United Fire Group's stock was trading at $23.19 at the beginning of 2022. Since then, UFCS shares have increased by 29.2% and is now trading at $29.96.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our UFCS earnings forecast.

United Fire Group, Inc. (NASDAQ:UFCS) posted its quarterly earnings data on Thursday, November, 4th. The insurance provider reported ($0.31) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.31). The insurance provider earned $248.54 million during the quarter, compared to analyst estimates of $254.90 million. United Fire Group had a net margin of 6.70% and a trailing twelve-month return on equity of 8.41%. During the same period last year, the firm posted ($1.37) earnings per share.

United Fire Group declared a quarterly dividend on Wednesday, May 18th. Shareholders of record on Friday, June 3rd will be paid a dividend of $0.16 per share on Friday, June 17th. This represents a $0.64 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from the stock's previous quarterly dividend of $0.15.
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 2.18%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UFCS will have a dividend payout ratio of 27.83% 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 retail and institutional investors. Top institutional investors include Northern Trust Corp (1.17%), Allspring Global Investments Holdings LLC (0.93%), Wells Fargo & Company MN (0.69%), Principal Financial Group Inc. (0.53%), Monarch Partners Asset Management LLC (0.36%) and Envestnet Asset Management Inc. (0.29%). Insiders that own company stock include Dawn M Jaffray, Eric J Martin, George D Milligan, James Noyce, Lura E Mcbride, Mary K Quass, 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 $29.96.

United Fire Group (NASDAQ:UFCS) has a market capitalization of $752.89 million and generates $1.07 billion in revenue each year. The insurance provider earns $80.59 million in net income (profit) each year or $2.60 on an earnings per share basis.

The company employs 1,086 workers across the globe.

United Fire Group was founded in 1937.

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.