News coverage about United Fire Group (NASDAQ:UFCS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Fire Group earned a news impact score of 0.02 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 43.6414579962013 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of United Fire Group (UFCS) opened at $44.46 on Friday. The company has a market cap of $1,107.06, a price-to-earnings ratio of 70.57 and a beta of 0.71. United Fire Group has a 12 month low of $38.97 and a 12 month high of $49.74.
United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). The firm had revenue of $269.55 million during the quarter. United Fire Group had a net margin of 1.49% and a return on equity of 1.32%.
United Fire Group announced that its board has initiated a share repurchase program on Wednesday, November 8th that authorizes the company to buyback 2,240,000 shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
A number of analysts have commented on the stock. BidaskClub cut shares of United Fire Group from a “sell” rating to a “strong sell” rating in a research note on Friday, December 22nd. Sandler O’Neill upgraded shares of United Fire Group from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $47.00 in a research note on Friday, September 22nd.
In other news, VP Neal R. Scharmer sold 2,537 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $47.97, for a total transaction of $121,699.89. Following the completion of the sale, the vice president now owns 17,473 shares in the company, valued at approximately $838,179.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael T. Wilkins sold 3,771 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $47.24, for a total transaction of $178,142.04. Following the sale, the insider now owns 37,704 shares of the company’s stock, valued at approximately $1,781,136.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,481 shares of company stock valued at $548,710. 5.83% of the stock is currently owned by corporate insiders.
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United Fire Group Company Profile
United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities. The Company operates in two segments: property and casualty insurance, and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.
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