United Fire Group
UFCS
Market cap $523M

20.66 USD

-0.22

1.05%

At close Oct 18, 4:00 PM EDT

1 day

-1.05%

5 days

4.98%

1 month

-1.48%

3 months

-7.89%

6 months

-6.22%

Year to date

1.18%

1 year

-1.85%

5 years

-55.13%

About: United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premium and investment income.

Employees: 1,091

Financials Fire, Marine & Casualty Insurance

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 14

21% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 48

9% more funds holding

Funds holding: 139 [Q1] → 151 (+12) [Q2]

0.41% more ownership

Funds ownership: 62.93% [Q1] → 63.34% (+0.41%) [Q2]

1% less capital invested

Capital invested by funds: $346M [Q1] → $344M (-$2.01M) [Q2]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $67K

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$19

8%

downside

Avg. target

$19

8%

downside

High target

$19

8%

downside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Piper Sandler

Paul Newsome

90% 1-year accuracy

46 / 51 met price target

8%downside

$19

Underweight

Maintained

8 Aug 2024

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Financial journalist opinion

Vanguard Group Inc's Strategic Reduction in United Fire Group Inc Holdings

On September 30, 2024, Vanguard Group Inc executed a significant transaction involving the shares of United Fire Group Inc (UFCS, Financial), a noted player in the property and casualty insurance sector. The firm reduced its holdings by 300,293 shares, resulting in a new total of 1,336,649 shares.

Vanguard Group Inc's Strategic Reduction in United Fire Group Inc Holdings

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

CEDAR RAPIDS, Iowa, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 13, 2024 to shareholders of record as of August 30, 2024.

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

United Fire Group, Inc. (UFCS) Q2 2024 Earnings Call Transcript

United Fire Group, Inc. (NASDAQ:UFCS ) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Tim Borst – Vice President of Investor Relations Kevin Leidwinger – President and Chief Executive Officer Julie Stephenson – Executive Vice President and Chief Operating Officer Eric Martin – Executive Vice President and Chief Financial Officer Conference Call Participants Paul Newsome – Piper Sandler Operator Good day, and welcome to the United Fire Group Insurance 2024 Second Quarter Conference Call. [Operator Instructions] Please note this event is being recorded.

United Fire Group, Inc. (UFCS) Q2 2024 Earnings Call Transcript

Zacks Investment Research

United Fire Group (UFCS) Reports Q2 Loss, Tops Revenue Estimates

United Fire Group (UFCS) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $2.27 per share a year ago.

United Fire Group (UFCS) Reports Q2 Loss, Tops Revenue Estimates

United Fire Group, Inc. Reports Second Quarter 2024 Results

Second Quarter Net Loss of $0.11 per Diluted Share and Adjusted Operating Loss of $0.07 per Diluted Share

United Fire Group, Inc. Reports Second Quarter 2024 Results

United Fire Group, Inc. Announces Its 2024 Second Quarter Earnings Call

CEDAR RAPIDS, Iowa, July 23, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2024 second quarter earnings results will be released after the market closes on Tuesday, August 6, 2024. An earnings call will be held on Wednesday, August 7, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2024 second quarter results.

United Fire Group, Inc. Announces Its 2024 Second Quarter Earnings Call

AM Best Assigns Issue Credit Rating to United Fire Group, Inc.'s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “bbb-” (Good) to recently issued $70 million, 9% senior unsecured notes due May 31, 2039, of United Fire Group, Inc. (UFG) (Cedar Rapids, IA) [NASDAQ: UFCS]. The outlook assigned to this Credit Rating (rating) is stable. Concurrently, AM Best has withdrawn the indicative rating on the previously forthcoming debt following confirmation that the note has been issued. The existing ratings of UFG and its insuran.

AM Best Assigns Issue Credit Rating to United Fire Group, Inc.'s New Senior Unsecured Notes

United Fire Group announces completion of debt offering

CEDAR RAPIDS, Iowa, June 03, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc (the “Company” or “UFG”) (NASDAQ: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $70 million aggregate principal senior unsecured 9.0% notes due May 31, 2039 (the “Notes”) in a private offering (the “Offering”) with Ares Management Credit funds as the lead investor. Proceeds from the Offering will be used to support anticipated growth and for general corporate purposes.

United Fire Group announces completion of debt offering

United Fire Group, Inc. Reports on Annual Meeting of Shareholders

Director Elections to the Board of Directors Announced Director Elections to the Board of Directors CEDAR RAPIDS, Iowa, May 16, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company" or "UFG") announced today that its shareholders elected four Class C Directors to our 11-member board of directors at the 2024 Annual Meeting of Shareholders held on May 15, 2024. The following individuals were each elected as Class C Directors to serve three-year terms expiring in 2027.

United Fire Group, Inc. Reports on Annual Meeting of Shareholders

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

CEDAR RAPIDS, IOWA , May 15, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable June 14, 2024 to shareholders of record as of May 31, 2024.

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

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