Zacks: United Fire Group, Inc. (UFCS) Receives Consensus Rating of “Hold” from Brokerages
United Fire Group, Inc. (NASDAQ:UFCS) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. United Fire Group’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ ratings changes.
Zacks has also assigned United Fire Group an industry rank of 80 out of 255 based on the ratings given to related companies.
A number of analysts have recently issued reports on UFCS shares. BidaskClub cut United Fire Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. TheStreet cut United Fire Group from a “b” rating to a “c+” rating in a report on Thursday, February 21st. Finally, ValuEngine upgraded United Fire Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd.
United Fire Group (NASDAQ:UFCS) last posted its quarterly earnings data on Wednesday, February 20th. The insurance provider reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.53). United Fire Group had a net margin of 2.58% and a return on equity of 1.85%. The company had revenue of $279.65 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 28th.
In other news, Director Scott L. Carlton sold 649 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $47.71, for a total transaction of $30,963.79. Following the completion of the sale, the director now owns 83,642 shares in the company, valued at approximately $3,990,559.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.24% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of UFCS. Founders Capital Management purchased a new stake in shares of United Fire Group during the 4th quarter worth about $39,000. Quantamental Technologies LLC purchased a new stake in shares of United Fire Group during the 4th quarter worth about $50,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of United Fire Group during the 4th quarter worth about $139,000. LS Investment Advisors LLC boosted its holdings in United Fire Group by 320.7% in the 4th quarter. LS Investment Advisors LLC now owns 2,625 shares of the insurance provider’s stock worth $146,000 after acquiring an additional 2,001 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in United Fire Group in the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 64.86% of the company’s stock.
United Fire Group Company Profile
United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.
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