United Fire Group (NASDAQ:UFCS) Issues Quarterly Earnings Results

United Fire Group (NASDAQ:UFCS - Get Free Report) issued its earnings results on Tuesday. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.64, Zacks reports. United Fire Group had a return on equity of 6.75% and a net margin of 4.15%.

United Fire Group Stock Down 1.0 %

NASDAQ UFCS traded down $0.27 during mid-day trading on Friday, hitting $26.50. The stock had a trading volume of 223,923 shares, compared to its average volume of 125,290. United Fire Group has a 52-week low of $18.04 and a 52-week high of $31.70. The company has a market cap of $671.51 million, a price-to-earnings ratio of 13.66 and a beta of 0.53. The company has a 50 day simple moving average of $27.33 and a 200 day simple moving average of $23.97.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UFCS. StockNews.com raised United Fire Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Piper Sandler increased their target price on United Fire Group from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday.

Insider Activity at United Fire Group

In other news, Director James Noyce acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of $26.97 per share, with a total value of $53,940.00. Following the purchase, the director now directly owns 27,316 shares of the company's stock, valued at approximately $736,712.52. This trade represents a 7.90 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Corey Lynn Ruehle sold 2,664 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $29.60, for a total value of $78,854.40. Following the sale, the vice president now owns 12,523 shares in the company, valued at approximately $370,680.80. This trade represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. 5.99% of the stock is currently owned by company insiders.

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; 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.