United Fire Group (NASDAQ:UFCS) Given New $58.00 Price Target at Piper Sandler

United Fire Group (NASDAQ:UFCS) had its target price cut by Piper Sandler from $60.00 to $58.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

A number of other equities analysts have also recently issued reports on UFCS. Weiss Ratings raised United Fire Group from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Zacks Research raised United Fire Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 17th. Finally, Wall Street Zen cut United Fire Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $51.50.

United Fire Group Stock Down 4.0%

Shares of NASDAQ:UFCS opened at $47.35 on Thursday. The company has a fifty day moving average of $54.94 and a 200-day moving average of $46.90. The company has a market capitalization of $1.22 billion, a PE ratio of 9.31 and a beta of 0.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.34 and a current ratio of 0.34. United Fire Group has a 52-week low of $33.53 and a 52-week high of $58.19.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. United Fire Group had a return on equity of 14.50% and a net margin of 9.06%. The company had revenue of $391.63 million during the quarter, compared to analysts’ expectations of $384.18 million. On average, equities analysts predict that United Fire Group will post 4.97 EPS for the current fiscal year.

United Fire Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. United Fire Group’s payout ratio is currently 14.87%.

Insiders Place Their Bets

In related news, Director Scott Carlton sold 9,777 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $55.52, for a total transaction of $542,819.04. Following the completion of the transaction, the director directly owned 200,552 shares of the company’s stock, valued at $11,134,647.04. This trade represents a 4.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.06% of the stock is owned by insiders.

Institutional Investors Weigh In On United Fire Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new position in shares of United Fire Group in the 2nd quarter worth approximately $34,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of United Fire Group during the second quarter worth $66,000. Integrated Wealth Concepts LLC acquired a new stake in shares of United Fire Group during the second quarter worth $69,000. USA Financial Formulas acquired a new stake in shares of United Fire Group during the third quarter worth $73,000. Finally, IFP Advisors Inc raised its stake in United Fire Group by 25.1% during the second quarter. IFP Advisors Inc now owns 1,400 shares of the insurance provider’s stock worth $73,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 62.68% of the company’s stock.

United Fire Group News Roundup

Here are the key news stories impacting United Fire Group this week:

• Positive Sentiment: United Fire reported adjusted Q3 EPS of $1.34, above the $1.23 FactSet estimate, and revenue of $391.63 million, also ahead of estimates. The company also posted record earnings for the first nine months of 2026. Article: United Fire Group stock posts record nine-month earnings despite Q3 dip
• Positive Sentiment: Management outlined an approximately 10% growth pace and potential for about a 0.5-percentage-point improvement in the expense ratio, suggesting room for continued growth and better efficiency. Article: United Fire Group outlines growth and expense-ratio potential
• Neutral Sentiment: Piper Sandler lowered its price target from $60 to $58 but maintained an “overweight” rating. The lower target is a modest negative revision, while the retained rating signals continued optimism. Piper Sandler ratings
• Negative Sentiment: Despite the earnings beat, reports said Q3 income declined. That year-over-year drop may be tempering investor reaction to the strong nine-month results. Article: United Fire Group Q3 income drops

United Fire Group Company Profile

United Fire Group, Inc (NASDAQ: UFCS) is an insurance holding company headquartered in Cedar Rapids, Iowa. Through its insurance subsidiaries, the company provides property and casualty insurance products to businesses, individuals, and organizations, primarily through a network of independent insurance agents.

Its product portfolio includes commercial property and liability coverage, commercial automobile insurance, workers’ compensation, surety bonds, and specialty insurance products.