United Fire Group (UFCS) Scheduled to Post Earnings on Tuesday

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

United Fire Group (NASDAQ:UFCS) last posted its quarterly earnings results on Tuesday, February 13th. The insurance provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.53 by $0.12. The company had revenue of $287.32 million for the quarter, compared to analyst estimates of $278.70 million. United Fire Group had a negative net margin of 2.71% and a negative return on equity of 4.38%. 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 opened at $22.64 on Friday. The company has a market capitalization of $572.34 million, a price-to-earnings ratio of -19.19 and a beta of 0.34. United Fire Group has a 52 week low of $18.41 and a 52 week high of $27.72. The stock’s 50-day moving average price is $22.22 and its 200-day moving average price is $21.52.

United Fire Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 2.83%. United Fire Group’s dividend payout ratio is presently -54.24%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of United Fire Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Piper Sandler reissued an “underweight” rating and set a $21.00 target price on shares of United Fire Group in a research note on Monday, April 1st.

Insider Transactions at United Fire Group

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

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; 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.