United Fire Group (NASDAQ:UFCS) Issues Earnings Results, Misses Estimates By $0.11 EPS

United Fire Group (NASDAQ:UFCS) issued its earnings results on Tuesday. The insurance provider reported ($1.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.93) by ($0.11), Bloomberg Earnings reports. United Fire Group had a negative return on equity of 0.97% and a net margin of 0.75%.

NASDAQ UFCS opened at $44.34 on Wednesday. The stock has a 50-day simple moving average of $45.12 and a two-hundred day simple moving average of $45.40. The firm has a market capitalization of $1.12 billion, a P/E ratio of 143.03 and a beta of -0.14. United Fire Group has a fifty-two week low of $40.86 and a fifty-two week high of $55.03.

In other United Fire Group news, COO Michael T. Wilkins sold 8,789 shares of United Fire Group stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $43.46, for a total transaction of $381,969.94. Company insiders own 6.66% of the company’s stock.

A number of equities analysts have weighed in on the company. BidaskClub upgraded United Fire Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. ValuEngine upgraded United Fire Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

About United Fire Group

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, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

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Earnings History for United Fire Group (NASDAQ:UFCS)

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