Somewhat Favorable Media Coverage Somewhat Unlikely to Affect United Fire Group (UFCS) Share Price
News articles about United Fire Group (NASDAQ:UFCS) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Fire Group earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 48.0067691225325 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research analysts have commented on the stock. Sandler O’Neill cut shares of United Fire Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. ValuEngine upgraded shares of United Fire Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, BidaskClub upgraded shares of United Fire Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 8th.
Shares of NASDAQ:UFCS traded down $0.62 during trading on Friday, reaching $50.56. The stock had a trading volume of 59,392 shares, compared to its average volume of 88,706. United Fire Group has a 52 week low of $38.95 and a 52 week high of $61.56. The stock has a market capitalization of $1.24 billion, a P/E ratio of 43.73 and a beta of 0.48.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.45%.
In other news, VP Neal R. Scharmer sold 1,015 shares of United Fire Group stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $50.09, for a total value of $50,841.35. Following the completion of the transaction, the vice president now owns 16,356 shares in the company, valued at $819,272.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dawn M. Jaffray sold 10,386 shares of United Fire Group stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $55.30, for a total transaction of $574,345.80. Following the completion of the transaction, the chief financial officer now owns 16,155 shares of the company’s stock, valued at approximately $893,371.50. The disclosure for this sale can be found here. Insiders own 6.24% of the company’s stock.
United Fire Group Company Profile
United Fire Group, Inc, together with its subsidiaries, provides insurance protection for individuals and businesses in the United States. The company operates through two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products.
Further Reading: Diversification
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