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

25.25

Mkt cap

644M

Volume

75K

High

25.45

P/E Ratio

13.04

52-wk high

25.88

Low

25.05

Div yield

0.03

52-wk low

18.04

In Tuesday's intraday session, the insurance industry saw significant movements with Huize Holding, Marpai, Universal Insurance Holdings, Fanhua, Kingstone Companies, and American Coastal as gainers, while Lemonade, Hippo Holdings, HCI Group, Root, United Fire Group, and ProAssurance were the losers. Notably, Huize Holding led the gainers with a 15.85% increase, and Lemonade led the losers with a 3.46% decrease.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:40 pm

United Fire Gr (NASDAQ:UFCS) announced a quarterly dividend of 16 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout on March 22, 2024. The stock is expected to open 16 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:46 pm

Banking and financial services stocks are experiencing an uptick after a recent downturn caused by disappointing US inflation data. This rebound reflects a positive shift in investor sentiment towards the sector.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:00 pm

Sony Group Corporation's shares fell by 6.3% after reporting Q3 financial results with sales growth of 22% and an EPS beat, but revised its FY23 sales outlook downwards. Other stocks showed significant movements, with notable gainers including Datasea Inc., Earlyworks Co., Ltd., and enGene Holdings Inc., and losers like Azitra, Inc., Ohmyhome Limited, and QuidelOrtho Corporation.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 6:18 pm

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

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