United Fire Group (UFCS) Scheduled to Post Quarterly Earnings on Wednesday
United Fire Group (NASDAQ:UFCS) will be announcing its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.57 per share for the quarter.
United Fire Group (NASDAQ UFCS) opened at $41.72 on Tuesday. The firm has a market capitalization of $1,009.78, a P/E ratio of 90.20 and a beta of 0.59. United Fire Group has a 12-month low of $38.97 and a 12-month high of $49.74.
United Fire Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, November 8th that allows the company to buyback 2,240,000 outstanding shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts have weighed in on UFCS shares. BidaskClub downgraded United Fire Group from a “sell” rating to a “strong sell” rating in a research report on Friday, December 22nd. ValuEngine downgraded United Fire Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.33.
About United Fire Group
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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