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

United Fire Group (NASDAQ:UFCS) is expected to issue its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $327.70 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

United Fire Group Price Performance

NASDAQ UFCS opened at $24.98 on Monday. United Fire Group has a 1-year low of $18.04 and a 1-year high of $31.70. The stock has a market capitalization of $633.04 million, a price-to-earnings ratio of 12.88 and a beta of 0.53. The business’s fifty day moving average price is $27.87 and its 200-day moving average price is $23.85.

United Fire Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 2.56%. United Fire Group’s dividend payout ratio is currently 32.99%.

Insiders Place Their Bets

In other news, VP Corey Lynn Ruehle sold 2,664 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $29.60, for a total transaction of $78,854.40. Following the completion of the transaction, the vice president now owns 12,523 shares in the company, valued at $370,680.80. This trade represents a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.99% of the company’s stock.

Analyst Upgrades and Downgrades

UFCS has been the subject of a number of recent research reports. Piper Sandler raised shares of United Fire Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $26.00 in a research report on Monday, November 18th. StockNews.com upgraded United Fire Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd.

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.