Should I buy or sell United Fire Group stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Fire Group in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" UFCS shares. View UFCS analyst ratings or view top-rated stocks .

What is United Fire Group's stock price target for 2024?

1 Wall Street research analysts have issued 12-month price targets for United Fire Group's stock. Their UFCS share price targets range from $21.00 to $21.00. On average, they predict the company's share price to reach $21.00 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. View analysts price targets for UFCS or view top-rated stocks among Wall Street analysts .

How have UFCS shares performed in 2024?

United Fire Group's stock was trading at $20.12 at the beginning of the year. Since then, UFCS stock has increased by 9.5% and is now trading at $22.03. View the best growth stocks for 2024 here .

Are investors shorting United Fire Group?

United Fire Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 124,600 shares, a decline of 27.6% from the March 15th total of 172,000 shares. Based on an average daily trading volume, of 89,300 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the company's shares are short sold. View United Fire Group's Short Interest .

When is United Fire Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our UFCS earnings forecast .

How were United Fire Group's earnings last quarter?

United Fire Group, Inc. (NASDAQ:UFCS) posted its quarterly earnings data on Tuesday, February, 13th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.12. The insurance provider had revenue of $287.32 million for the quarter, compared to analysts' expectations of $278.70 million. United Fire Group had a negative trailing twelve-month return on equity of 4.38% and a negative net margin of 2.71%.

How often does United Fire Group pay dividends? What is the dividend yield for United Fire Group?

United Fire Group announced a quarterly dividend on Friday, February 23rd. Stockholders of record on Friday, March 8th will be given a dividend of $0.16 per share on Friday, March 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 7th. Read our dividend analysis for UFCS .

Is United Fire Group a good dividend stock?

United Fire Group (NASDAQ:UFCS) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.96%. Read our dividend analysis for UFCS .

What is Randy A. Ramlo's approval rating as United Fire Group's CEO?

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.

What other stocks do shareholders of United Fire Group own?

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) .

How do I buy shares of United Fire Group?

Shares of UFCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:UFCS

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

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Free UFCS Stock Alerts

$22.03

+0.42 (+1.94%)

(As of 04/18/2024 ET)

Compare

Today's Range: $21.72
▼
$22.37
50-Day Range: $21.39
▼
$24.96
52-Week Range: $18.41
▼
$27.72

Volume: 92,605 shs
Average Volume: 88,369 shs
Market Capitalization: $556.92 million

P/E Ratio: N/A
Dividend Yield: 2.91%
Price Target: $21.00

Get United Fire Group alerts:

United Fire Group MarketRank™ Stock Analysis

Analyst Rating: Sell
1.00 Rating Score
Upside/Downside: 4.7% Downside
$21.00 Price Target
Short Interest: Healthy
0.59% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$110,125 Sold Last Quarter
Proj. Earnings Growth: 36.36%
From $1.10 to $1.50 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.90 out of 5 stars

Finance Sector

656th out of 822 stocks

Fire, Marine, & Casualty Insurance Industry

41st out of 50 stocks

0.5

Analyst's Opinion

Consensus Rating
United Fire Group has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Amount of Analyst Coverage
United Fire Group has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.59% of the float of United Fire Group has been sold short.
Short Interest Ratio / Days to Cover
United Fire Group has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in United Fire Group has recently decreased by 27.56%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
United Fire Group pays a meaningful dividend of 2.96%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
United Fire Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, United Fire Group will have a dividend payout ratio of 42.67% next year. This indicates that United Fire Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for UFCS.

1.4

News and Social Media Coverage

News Sentiment
United Fire Group has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for United Fire Group this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added United Fire Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, United Fire Group insiders have sold 237.39% more of their company's stock than they have bought. Specifically, they have bought $32,640.00 in company stock and sold $110,125.00 in company stock.
Percentage Held by Insiders
Only 5.99% of the stock of United Fire Group is held by insiders.
Percentage Held by Institutions
62.68% of the stock of United Fire Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for United Fire Group are expected to grow by 36.36% in the coming year, from $1.10 to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of United Fire Group is -18.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of United Fire Group is -18.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
United Fire Group has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About United Fire Group Stock (NASDAQ:UFCS)

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. The company sells its products through a network of independent agencies. United Fire Group, Inc. was incorporated in 1946 and is headquartered in Cedar Rapids, Iowa.

UFCS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

UFCS Stock News Headlines

March 20, 2024 | insidertrades.com

Christopher R. Drahozal Sells 2,500 Shares of United Fire Group, Inc. (NASDAQ:UFCS) Stock

April 2, 2024 | markets.businessinsider.com

Piper Sandler Keeps Their Sell Rating on United Fire Group (UFCS)

April 18, 2024 | DTI (Ad)

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March 29, 2024 | finance.yahoo.com

United Fire Group, Inc. (NASDAQ:UFCS) is favoured by institutional owners who hold 65% of the company

March 25, 2024 | finance.yahoo.com

UFCU Field of Membership Expands to Include Greater Austin YMCA Staff

March 20, 2024 | investing.com

United Fire Group insider sells shares worth over $110k

March 18, 2024 | msn.com

United Airlines CEO tries to reassure customers that airline is safe

March 12, 2024 | msn.com

Police believe someone intentionally set fire that damaged 7 vehicles at apartment complex near UCF

April 18, 2024 | Priority Gold (Ad)

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March 2, 2024 | finance.yahoo.com

Interested In United Fire Group's (NASDAQ:UFCS) Upcoming US$0.16 Dividend? You Have Four Days Left

February 29, 2024 | finance.yahoo.com

United Fire Group (NASDAQ:UFCS) Has Announced A Dividend Of $0.16

February 24, 2024 | msn.com

United Fire Group (UFCS) Price Target Increased by 16.67% to 21.42

February 23, 2024 | globenewswire.com

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

February 15, 2024 | finance.yahoo.com

United Fire Group, Inc. (NASDAQ:UFCS) Q4 2023 Earnings Call Transcript

February 15, 2024 | finance.yahoo.com

Q4 2023 United Fire Group Inc Earnings Call

February 14, 2024 | seekingalpha.com

United Fire Group, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 14, 2024 | markets.businessinsider.com

United Fire Group, Inc. Reports Fourth Quarter and Full Year 2023 Results

February 13, 2024 | finance.yahoo.com

United Fire Group Inc Reports Mixed 2023 Results with Strong Q4 Performance

February 4, 2024 | news.yahoo.com

Fmr. college professor pleads guilty to setting multiple fires near 2021's Dixie Fire

February 2, 2024 | msn.com

United Fire Group Announces Executive Leadership Changes

January 31, 2024 | msn.com

United Fire Group Q4 Earnings Release and Conference Call Schedule

January 30, 2024 | finance.yahoo.com

United Fire Group, Inc. Announces Its 2023 Fourth Quarter Earnings Call

January 27, 2024 | msn.com

U.S. Army Corps of Engineers approves federal funding to address Fire Island coastal erosion

December 17, 2023 | finance.yahoo.com

United Fire Group (NASDAQ:UFCS) investors are sitting on a loss of 58% if they invested five years ago

December 15, 2023 | finance.yahoo.com

UFG Appoints Kelly Walsh Chief Underwriting Officer

December 15, 2023 | finance.yahoo.com

Do Options Traders Know Something About United Fire (UFCS) Stock We Don't?

November 17, 2023 | morningstar.com

United Fire Group Inc UFCS

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Company Calendar

Last Earnings: 2/13/2024
Ex-Dividend for 3/22 Dividend: 3/07/2024
Dividend Payable: 3/22/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Current Symbol: NASDAQ:UFCS
CUSIP: 91034010
CIK: 101199
Web: www.ufginsurance.com
Phone: (319) 399-5700
Fax: 319-399-5499
Employees: 852
Year Founded: 1937

Price Target and Rating

Average Stock Price Target: $21.00
High Stock Price Target: $21.00
Low Stock Price Target: $21.00
Potential Upside/Downside: -5.1%
Consensus Rating: Sell
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.18)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 20.12
P/E Growth: N/A
Net Income: $-29,700,000.00
Net Margins: -2.71%
Pretax Margin: -3.63%
Return on Equity: -4.38%
Return on Assets: -1.01%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.35
Quick Ratio: 0.35

Sales & Book Value

Annual Sales: $1.10 billion
Price / Sales: 0.51
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $29.04 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 25,280,000
Free Float: 23,766,000
Market Cap: $559.45 million
Optionable: Optionable
Beta: 0.35

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Key Executives

Mr. Kevin James Leidwinger (Age 60)
President, CEO, Principal Executive Officer & Director
Comp: $1.09M
Mr. Eric John Martin (Age 60)
Executive VP, CFO & Principal Financial Officer
Comp: $732.13k
Mr. Robert Francis Cataldo (Age 53)
VP and Chief Investment & Strategy Officer
Comp: $569.98k
Mr. Jeremy Joseph Bahl (Age 46)
Chief Underwriting Officer & VP
Comp: $418.33k
Mr. Micah Grant Woolstenhulme (Age 48)
Chief Risk Officer & VP
Comp: $455.4k
Ms. Julie Anne Stephenson (Age 56)
Executive VP & COO
Ms. Lindsay E. Lovvorn
VP & Chief Administrative Officer
Ms. Sarah Emily Madsen (Age 45)
Chief Legal Officer, VP & Corporate Secretary
Mr. Michael John Sheeley (Age 63)
VP & Chief Marketing Officer
Mr. Patrick P. Kane C.P.C.U.
Asst. VP & Region Marketing Manager

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UFCS Stock Analysis - Frequently Asked Questions

Should I buy or sell United Fire Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Fire Group in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" UFCS shares.
View UFCS analyst ratings or view top-rated stocks.
What is United Fire Group's stock price target for 2024?: 1 Wall Street research analysts have issued 12-month price targets for United Fire Group's stock. Their UFCS share price targets range from $21.00 to $21.00. On average, they predict the company's share price to reach $21.00 in the next twelve months. This suggests that the stock has a possible downside of 4.7%.
View analysts price targets for UFCS or view top-rated stocks among Wall Street analysts.
How have UFCS shares performed in 2024?: United Fire Group's stock was trading at $20.12 at the beginning of the year. Since then, UFCS stock has increased by 9.5% and is now trading at $22.03.
View the best growth stocks for 2024 here.
Are investors shorting United Fire Group?: United Fire Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 124,600 shares, a decline of 27.6% from the March 15th total of 172,000 shares. Based on an average daily trading volume, of 89,300 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the company's shares are short sold.
View United Fire Group's Short Interest.
When is United Fire Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our UFCS earnings forecast.
How were United Fire Group's earnings last quarter?: United Fire Group, Inc. (NASDAQ:UFCS) posted its quarterly earnings data on Tuesday, February, 13th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.12. The insurance provider had revenue of $287.32 million for the quarter, compared to analysts' expectations of $278.70 million. United Fire Group had a negative trailing twelve-month return on equity of 4.38% and a negative net margin of 2.71%.

How often does United Fire Group pay dividends? What is the dividend yield for United Fire Group?: United Fire Group announced a quarterly dividend on Friday, February 23rd. Stockholders of record on Friday, March 8th will be given a dividend of $0.16 per share on Friday, March 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 7th.
Read our dividend analysis for UFCS.
Is United Fire Group a good dividend stock?: United Fire Group (NASDAQ:UFCS) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.96%.
Read our dividend analysis for UFCS.
What is Randy A. Ramlo's approval rating as United Fire Group's CEO?: 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.
What other stocks do shareholders of United Fire Group own?: 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).
How do I buy shares of United Fire Group?: Shares of UFCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:UFCS) was last updated on 4/18/2024 by MarketBeat.com Staff

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