United Fire Group (UFCS) Set to Announce Quarterly Earnings on Tuesday

United Fire Group (NASDAQ:UFCS) is scheduled to be announcing its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Investors interested in listening to the company’s earnings conference call can do so using this link.

United Fire Group (NASDAQ:UFCS) last posted its earnings results on Tuesday, February 13th. The insurance provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate 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 Stock Down 1.3 %

Shares of UFCS stock opened at $22.64 on Friday. The stock has a market cap of $572.34 million, a P/E ratio of -19.19 and a beta of 0.34. United Fire Group has a fifty-two week low of $18.41 and a fifty-two week high of $27.72. The business has a fifty day simple moving average of $22.22 and a 200-day simple moving average of $21.52.

United Fire Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 2.83%. United Fire Group’s dividend payout ratio (DPR) is currently -54.24%.

Insider Buying and Selling at United Fire Group

In other news, VP Micah G. Woolstenhulme bought 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $21.76 per share, with a total value of $32,640.00. Following the transaction, the vice president now owns 32,763 shares of the company’s stock, valued at approximately $712,922.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Christopher R. Drahozal sold 2,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $21.90, for a total value of $54,750.00. Following the completion of the sale, the director now owns 451,863 shares of the company’s stock, valued at $9,895,799.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Micah G. Woolstenhulme bought 1,500 shares of United Fire Group stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $21.76 per share, for a total transaction of $32,640.00. Following the acquisition, the vice president now directly owns 32,763 shares in the company, valued at approximately $712,922.88. The disclosure for this purchase can be found here. 5.99% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com raised United Fire Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Piper Sandler reaffirmed an “underweight” rating and set a $21.00 price objective on shares of United Fire Group in a research note on Monday, April 1st.

United Fire Group Company Profile

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.