United Fire Group (UFCS) Getting Positive Media Coverage, Analysis Shows
Media coverage about United Fire Group (NASDAQ:UFCS) has trended positive this week, according to Alpha One. Alpha One, a subsidiary of Accern, scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One 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 news impact score of 0.25 on Alpha One’s scale. Alpha One also assigned press coverage about the insurance provider an impact score of 70 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next few days.
UFCS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $44.00 target price on shares of United Fire Group in a report on Tuesday, February 28th. Sidoti initiated coverage on shares of United Fire Group in a report on Friday, June 9th. They issued a “neutral” rating and a $48.00 target price for the company. Finally, BidaskClub raised shares of United Fire Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th.
Shares of United Fire Group (UFCS) traded up 0.35% on Friday, reaching $45.55. 176,504 shares of the company’s stock were exchanged. The company has a market capitalization of $1.15 billion, a P/E ratio of 24.97 and a beta of 0.76. The stock’s 50-day moving average price is $43.43 and its 200-day moving average price is $44.92. 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 released its earnings results on Wednesday, May 3rd. The insurance provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.83 by $0.16. United Fire Group had a net margin of 4.11% and a return on equity of 4.42%. The business had revenue of $279.11 million for the quarter. Analysts anticipate that United Fire Group will post $1.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This is a positive change from United Fire Group’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 2.46%. United Fire Group’s dividend payout ratio is currently 61.20%.
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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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