Streetbeat News

UFCS

United Fire Group, Inc.

https://www.ufginsurance.com

Industry

Insurance - Property & Casualty

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 commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was founded in 1946 and is headquartered in Cedar Rapids, Iowa.

Open

23.89

Mkt cap

617M

Volume

140K

High

24.46

P/E Ratio

12.48

52-wk high

25.55

Low

23.58

Div yield

0.03

52-wk low

18.04

Charles River Laboratories International, Inc. (CRL) reported better-than-expected Q4 results, leading to a 7.2% stock increase. Other companies like Lyft, Healthcare Services Group, and Robinhood also saw significant gains after reporting positive financial results or developments. The overall market sentiment was positive, with the Dow Jones index rising over 100 points.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 3:36 pm

United Fire Gr (NASDAQ:UFCS) reported Q4 earnings with an EPS of $0.65, beating estimates by 18.18% and showing a revenue increase of $7.16 million from the previous year. Despite past earnings beats, the company experienced a 3.77% share price drop the day after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:10 pm

United Fire Gr (UFCS) reported Q4 2023 adjusted EPS of $0.65, surpassing the $0.56 estimate, with sales of $287.32M exceeding the $278.70M forecast. This represents a 2.55% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:05 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

United Fire Gr (NASDAQ:UFCS) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts estimating an EPS of $0.55. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, leading to varying stock price reactions. Shares of UFCS were trading at $21.89 as of February 09, reflecting a 21.21% decline over the last 52 weeks. Investors are likely focused on both the reported earnings and the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

Insurance company stocks have outperformed the S&P 500 in 2024, with the iShares U.S. Insurance ETF (IAK) rising 5% in January. The surge is attributed to the increasing costs of motor vehicle insurance, which have soared by 20.3% over the past year. The complexity and costliness of repairing high-tech vehicles, especially electric vehicles (EVs), are driving up insurance rates. EVs require more expensive repairs and longer repair times compared to traditional vehicles. The article lists top-performing insurance stocks year-to-date included in the iShares U.S. Insurance ETF.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 6:49 pm

In Friday's intraday session, several insurance stocks experienced movement. Gainers included Oxbridge Re Holdings (OXBR), Kingstone Companies (KINS), United Fire Gr (UFCS), Tian Ruixiang Holdings (TIRX), Donegal Gr (DGICB), and MBIA (MBI), with increases ranging from 2.5% to 5.88%. Losers for the day were FG Finl Gr (FGF), Trupanion (TRUP), Crawford (CRD), Global Indemnity Group (GBLI), and SelectQuote (SLQT), with declines between 2.3% and 6.01%. Trading volumes for these stocks were at 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 5:40 pm

In Wednesday's intraday session, insurance stocks saw movement with Reliance Global Group, Fanhua, Huize Holding, SelectQuote, GoHealth, and Lemonade experiencing gains, while Kinsale Cap Gr, RenaissanceRe Holdings, CNA Financial, United Fire Gr, Arch Capital Group, and Conifer Holdings faced losses. The changes in stock prices were accompanied by trading volumes that were in line with their respective average full-day volumes over the last 100 days.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:40 pm

United Fire Gr (NASDAQ:UFCS) announced a quarterly dividend of 16 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 16 cents lower. The dividend is scheduled to be paid on December 15, 2023.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 2:45 pm

Insurance stocks showed mixed performance in Thursday's intraday session. Gainers included Root (NASDAQ:ROOT), Tiptree (NASDAQ:TIPT), Hippo Holdings (NYSE:HIPO), Palomar Hldgs (NASDAQ:PLMR), Trupanion (NASDAQ:TRUP), and SelectQuote (NYSE:SLQT). Losers included Markel Group (NYSE:MKL), Axis Capital Holdings (NYSE:AXS), RenaissanceRe Holdings (NYSE:RNR), United Fire Gr (NASDAQ:UFCS), FG Finl Gr (NASDAQ:FGF), and Everest Group (NYSE:EG). Most companies recently released their Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:40 pm

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