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

United Fire Group (NASDAQ:UFCS) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect United Fire Group to post earnings of $0.55 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

United Fire Group (NASDAQ:UFCS) last posted 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 return on equity of 4.38% and a negative net margin of 2.71%. The business had revenue of $287.32 million during the quarter, compared to analyst estimates 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 opened at $22.64 on Monday. The company’s 50-day moving average price is $22.22 and its 200-day moving average price is $21.52. 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 company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.83%. The ex-dividend date was Thursday, March 7th. United Fire Group’s dividend payout ratio is presently -54.24%.

Insiders Place Their Bets

In other news, Director Christopher R. Drahozal sold 2,500 shares of the firm’s 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 in the company, valued at approximately $9,895,799.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Micah G. Woolstenhulme bought 1,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $21.76 per share, with a total value of $32,640.00. Following the completion of the purchase, the vice president now directly owns 32,763 shares in the company, valued at $712,922.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher R. Drahozal sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 451,863 shares in the company, valued at $9,895,799.70. The disclosure for this sale can be found here. Corporate insiders own 5.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded United Fire Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Piper Sandler reaffirmed an “underweight” rating and issued a $21.00 price target on shares of United Fire Group in a report 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.