FY2028 Earnings Estimate for UFCS Issued By DOWLING & PARTN

United Fire Group, Inc (NASDAQ:UFCS) – Equities researchers at DOWLING & PARTN issued their FY2028 earnings estimates for United Fire Group in a report released on Tuesday, September 29th. DOWLING & PARTN analyst J. Collins expects that the insurance provider will earn $5.50 per share for the year. The consensus estimate for United Fire Group’s current full-year earnings is $5.00 per share.

Several other equities analysts have also issued reports on UFCS. Wall Street Zen lowered United Fire Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Zacks Research upgraded United Fire Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 17th. Piper Sandler increased their price objective on United Fire Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of United Fire Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, United Fire Group presently has an average rating of “Strong Buy” and an average target price of $52.50.

United Fire Group Trading Down 1.8%

NASDAQ UFCS opened at $52.59 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of 9.78 and a beta of 0.52. United Fire Group has a 1-year low of $29.74 and a 1-year high of $56.74. The stock has a 50-day moving average of $53.70 and a 200-day moving average of $47.90. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.15.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.61. The firm had revenue of $383.73 million for the quarter, compared to analysts’ expectations of $347.76 million. United Fire Group had a return on equity of 15.19% and a net margin of 9.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of United Fire Group in the 2nd quarter worth about $69,000. IFP Advisors Inc boosted its stake in shares of United Fire Group by 25.1% during the 2nd quarter. IFP Advisors Inc now owns 1,400 shares of the insurance provider’s stock valued at $73,000 after purchasing an additional 281 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of United Fire Group during the second quarter valued at about $229,000. Susquehanna Fundamental Investments LLC increased its position in shares of United Fire Group by 47.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 12,850 shares of the insurance provider’s stock valued at $674,000 after buying an additional 4,155 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of United Fire Group during the second quarter valued at about $5,935,000. 62.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $542,819.04. Following the completion of the sale, the director owned 200,552 shares of the company’s stock, valued at $11,134,647.04. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.06% of the stock is owned by insiders.

United Fire Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 4th. United Fire Group’s dividend payout ratio is currently 14.87%.

About United Fire Group

United Fire Group, Inc (NASDAQ: UFCS) is an insurance holding company headquartered in Cedar Rapids, Iowa. Founded in 1946, the company provides property and casualty insurance products through its insurance subsidiaries, including United Fire & Casualty Company.

United Fire Group primarily serves businesses, individuals and organizations through a network of independent insurance agencies. Its offerings include commercial property and casualty coverage, commercial auto insurance, workers’ compensation, general liability, professional liability, surety bonds and other specialty insurance products.