United Fire Group (UFCS) Set to Announce Quarterly Earnings on Tuesday

United Fire Group (NASDAQ:UFCS) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect United Fire Group to post earnings of $0.55 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

United Fire Group (NASDAQ:UFCS) last released its earnings results on Tuesday, February 13th. The insurance provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. United Fire Group had a negative net margin of 2.71% and a negative return on equity of 4.38%. The company had revenue of $287.32 million for the quarter, compared to analysts’ expectations of $278.70 million. On average, analysts expect United Fire Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United Fire Group Price Performance

Shares of United Fire Group stock traded down $0.12 during trading hours on Tuesday, hitting $22.00. The company’s stock had a trading volume of 2,251 shares, compared to its average volume of 86,509. The business has a 50 day moving average price of $22.32 and a two-hundred day moving average price of $21.47. United Fire Group has a 12-month low of $18.41 and a 12-month high of $27.72.

United Fire Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a yield of 2.91%. United Fire Group’s dividend payout ratio is presently -54.24%.

Insider Activity at United Fire Group

In related news, VP Micah G. Woolstenhulme acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $21.76 per share, for a total transaction of $32,640.00. Following the completion of the transaction, the vice president now directly owns 32,763 shares in the company, valued at approximately $712,922.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other United Fire Group news, Director Christopher R. Drahozal sold 2,500 shares of United Fire Group stock in a transaction on Monday, March 18th. The shares were sold at an average price of $21.90, for a total transaction of $54,750.00. Following the sale, the director now owns 451,863 shares of the company’s stock, valued at approximately $9,895,799.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Micah G. Woolstenhulme bought 1,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $21.76 per share, with a total value of $32,640.00. Following the acquisition, the vice president now directly owns 32,763 shares of the company’s stock, valued at $712,922.88. The disclosure for this purchase can be found here. 5.99% of the stock is owned by insiders.

Analyst Ratings Changes

UFCS has been the topic of a number of research reports. StockNews.com upgraded shares of United Fire Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Piper Sandler reissued an “underweight” rating and set a $21.00 price target on shares of United Fire Group in a research note on Monday, April 1st.

About United Fire Group

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; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers' compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.