Somewhat Favorable Press Coverage Somewhat Unlikely to Affect United Fire Group (UFCS) Share Price
Press coverage about United Fire Group (NASDAQ:UFCS) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Fire Group earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 45.8194926610754 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- United Draws Ire From Analysts After Sluggish Quarter (skift.com)
- Global fire protection system market analysis and forecast to 2024 examined in new market research report (whatech.com)
- Damages for Grenfell fire victims may total just $5 million: Reuters analysis (reuters.com)
- ETFs with exposure to United Fire Group, Inc. : October 17, 2017 (finance.yahoo.com)
- Cause of Truscott Terrace fire still undetermined (watertowndailytimes.com)
UFCS has been the topic of several recent analyst reports. Sandler O’Neill raised shares of United Fire Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $47.00 in a research note on Friday, September 22nd. BidaskClub lowered shares of United Fire Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.
Shares of United Fire Group (NASDAQ:UFCS) traded down 0.24% during mid-day trading on Monday, reaching $46.65. 25,557 shares of the company’s stock traded hands. The company has a 50 day moving average of $44.47 and a 200 day moving average of $43.75. United Fire Group has a 12 month low of $37.54 and a 12 month high of $50.75. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 25.62 and a beta of 0.75.
United Fire Group (NASDAQ:UFCS) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). United Fire Group had a return on equity of 4.33% and a net margin of 4.07%. The firm had revenue of $284.30 million during the quarter. Analysts expect that United Fire Group will post $1.60 earnings per share for the current fiscal year.
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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