News headlines about United Fire Group (NASDAQ:UFCS) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Fire Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.7591937147735 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, BidaskClub downgraded United Fire Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.
United Fire Group (NASDAQ:UFCS) opened at $43.69 on Wednesday. The company has a market capitalization of $1,098.35, a PE ratio of 69.35 and a beta of 0.71. United Fire Group has a 52 week low of $38.97 and a 52 week high of $49.74.
United Fire Group (NASDAQ:UFCS) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.73) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.87). The firm had revenue of $269.55 million during the quarter. United Fire Group had a return on equity of 1.32% and a net margin of 1.49%.
United Fire Group declared that its board has approved a share buyback program on Wednesday, November 8th that permits the company to repurchase 2,240,000 shares. This repurchase authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
In related news, Director James Noyce sold 1,323 shares of United Fire Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $48.31, for a total value of $63,914.13. Following the completion of the transaction, the director now directly owns 10,828 shares in the company, valued at $523,100.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael T. Wilkins sold 3,771 shares of United Fire Group stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $47.24, for a total value of $178,142.04. Following the completion of the transaction, the insider now owns 37,704 shares of the company’s stock, valued at $1,781,136.96. The disclosure for this sale can be found here. Insiders sold 11,481 shares of company stock valued at $548,710 over the last quarter. Insiders own 5.83% of the company’s stock.
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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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