Somewhat Favorable News Coverage Somewhat Unlikely to Affect United Fire Group (UFCS) Stock Price
Media coverage about United Fire Group (NASDAQ:UFCS) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Fire Group earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 48.780305484784 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
United Fire Group (NASDAQ UFCS) traded down $0.31 during trading on Friday, hitting $46.62. The company had a trading volume of 49,800 shares, compared to its average volume of 68,524. The company has a market cap of $1,167.51, a P/E ratio of 104.29 and a beta of 0.71. United Fire Group has a 1-year low of $38.97 and a 1-year high of $50.75.
United Fire Group (NASDAQ:UFCS) last posted its earnings results on Wednesday, November 8th. The insurance provider reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.87). The company had revenue of $269.55 million for the quarter. United Fire Group had a return on equity of 1.32% and a net margin of 1.49%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.40%. United Fire Group’s payout ratio is 177.78%.
United Fire Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 8th that allows the company to repurchase 2,240,000 shares. This repurchase authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
UFCS has been the subject of a number of research reports. Sandler O’Neill upgraded United Fire Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $47.00 in a research report on Friday, September 22nd. BidaskClub downgraded United Fire Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
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United Fire Group Company Profile
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. The Company operates in two segments: property and casualty insurance, and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance, including surety bonds, personal lines insurance and assumed insurance.
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