United Fire Group (NASDAQ:UFCS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has a $31.40 price target on the stock. Zacks‘ price target would indicate a potential upside of 2.61% from the stock’s previous close.
United Fire Group (NASDAQ:UFCS) traded down 2.52% on Friday, hitting $29.83. 29,058 shares of the company’s stock traded hands. United Fire Group has a 52 week low of $18.49 and a 52 week high of $32.94. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $27.10. The company has a market cap of $755.5 million and a P/E ratio of 17.63.
United Fire Group (NASDAQ:UFCS) last announced its earnings results on Tuesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.26. The company had revenue of $219.72 million for the quarter, compared to the consensus estimate of $210.47 million. On average, analysts predict that United Fire Group will post $2.28 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of United Fire Group from $26.00 to $29.00 in a research note to investors on Wednesday, August 7th.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, August 29th.
In other United Fire Group news, CFO Dianne Lyons sold 5,282 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $30.44, for a total value of $160,784.08. Following the completion of the sale, the chief financial officer now directly owns 8,628 shares in the company. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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.
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