Somewhat Favorable Media Coverage Extremely Likely to Impact United Fire Group (NASDAQ:UFCS) Stock Price
News coverage about United Fire Group (NASDAQ:UFCS) has trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. 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 coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 91 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
UFCS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods set a $44.00 price target on shares of United Fire Group and gave the stock a “hold” rating in a research note on Monday, March 27th. Sidoti initiated coverage on shares of United Fire Group in a research note on Friday, June 9th. They issued a “neutral” rating and a $48.00 price target for the company. Finally, BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.
Shares of United Fire Group (NASDAQ UFCS) traded up 0.18% during mid-day trading on Friday, hitting $43.71. 53,813 shares of the stock were exchanged. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 23.96 and a beta of 0.78. The company’s 50-day moving average is $43.61 and its 200-day moving average is $44.72. United Fire Group has a 1-year low of $37.54 and a 1-year high of $50.75.
United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by $0.16. United Fire Group had a return on equity of 4.42% and a net margin of 4.11%. The company had revenue of $279.11 million for the quarter. Equities research analysts anticipate that United Fire Group will post $1.76 earnings per share for the current fiscal year.
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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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