Somewhat Positive Press Coverage Somewhat Unlikely to Affect United Fire Group (UFCS) Stock Price
Press coverage about United Fire Group (NASDAQ:UFCS) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Fire Group earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 43.637667121469 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of United Fire Group (UFCS) opened at $45.58 on Monday. The stock has a market cap of $1,133.94, a PE ratio of 72.35 and a beta of 0.70. United Fire Group has a 12 month low of $38.97 and a 12 month high of $49.92.
United Fire Group (NASDAQ:UFCS) last issued its earnings results on Wednesday, November 8th. The insurance provider reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). The company had revenue of $269.55 million during the quarter. United Fire Group had a net margin of 1.49% and a return on equity of 1.32%.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.46%. United Fire Group’s dividend payout ratio (DPR) is presently 177.78%.
United Fire Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 8th that authorizes the company to repurchase 2,240,000 outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of equities analysts have commented on the stock. BidaskClub lowered shares of United Fire Group from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Sandler O’Neill upgraded shares of United Fire Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $47.00 in a report on Friday, September 22nd.
In other news, VP Neal R. Scharmer sold 2,537 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $47.97, for a total value of $121,699.89. Following the sale, the vice president now owns 17,473 shares in the company, valued at approximately $838,179.81. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael J. Sheeley sold 3,850 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $48.04, for a total transaction of $184,954.00. Following the completion of the sale, the chief operating officer now owns 9,529 shares in the company, valued at approximately $457,773.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,481 shares of company stock worth $548,710. Company insiders own 5.83% of the company’s stock.
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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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