United Fire Group, Inc. (NASDAQ:UFCS) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.50.

A number of equities research analysts have recently weighed in on UFCS shares. TheStreet lowered shares of United Fire Group from a “c” rating to a “d” rating in a report on Wednesday, May 6th. Piper Sandler lowered their price target on shares of United Fire Group from $44.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. BidaskClub lowered shares of United Fire Group from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Zacks Investment Research raised shares of United Fire Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Sidoti lowered their price target on shares of United Fire Group from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, May 4th.

In other United Fire Group news, Director Mary K. Quass sold 2,727 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $24.50, for a total value of $66,811.50. Following the completion of the transaction, the director now owns 20,809 shares in the company, valued at $509,820.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.89% of the company’s stock.

Several institutional investors have recently modified their holdings of UFCS. First Bank & Trust raised its position in shares of United Fire Group by 844.7% in the first quarter. First Bank & Trust now owns 1,502 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 1,343 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of United Fire Group by 30.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,793 shares of the insurance provider’s stock valued at $58,000 after buying an additional 423 shares during the period. FDx Advisors Inc. purchased a new stake in shares of United Fire Group in the 1st quarter valued at approximately $59,000. Royal Fund Management LLC purchased a new stake in shares of United Fire Group in the 1st quarter valued at approximately $61,000. Finally, Quantbot Technologies LP purchased a new stake in shares of United Fire Group in the 4th quarter valued at approximately $68,000. Institutional investors and hedge funds own 61.23% of the company’s stock.

Shares of UFCS traded up $0.90 during trading hours on Tuesday, reaching $27.04. 63,000 shares of the company traded hands, compared to its average volume of 75,342. The stock has a market capitalization of $653.92 million, a P/E ratio of -6.61 and a beta of 0.05. United Fire Group has a 12-month low of $22.08 and a 12-month high of $53.68. The business has a fifty day moving average price of $27.39 and a 200-day moving average price of $35.54.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company had revenue of $271.21 million for the quarter, compared to analysts’ expectations of $287.30 million. United Fire Group had a negative net margin of 9.52% and a negative return on equity of 5.42%. On average, analysts anticipate that United Fire Group will post -0.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 5th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.88%. United Fire Group’s dividend payout ratio (DPR) is currently -122.22%.

United Fire Group Company Profile

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, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners.

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