United Fire Group (UFCS) Receiving Somewhat Favorable News Coverage, Accern Reports

Media coverage about United Fire Group (NASDAQ:UFCS) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Fire Group earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 48.0575667436511 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have effected Accern’s scoring:

A number of equities research analysts have recently issued reports on UFCS shares. BidaskClub raised shares of United Fire Group from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. ValuEngine raised shares of United Fire Group from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Finally, Sandler O’Neill cut shares of United Fire Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th.

Shares of UFCS stock traded up $0.45 on Tuesday, reaching $50.13. The stock had a trading volume of 473 shares, compared to its average volume of 73,935. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 43.73 and a beta of 0.48. United Fire Group has a 12 month low of $38.95 and a 12 month high of $61.56.

United Fire Group (NASDAQ:UFCS) last issued its earnings results on Wednesday, August 8th. The insurance provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.24). The firm had revenue of $274.10 million during the quarter. United Fire Group had a net margin of 6.93% and a return on equity of 3.04%.

The company also recently announced a special dividend, which will be paid on Monday, August 20th. Stockholders of record on Friday, August 3rd will be issued a $3.00 dividend. The ex-dividend date is Thursday, August 2nd. This represents a dividend yield of 2.08%.

In other United Fire Group news, CFO Dawn M. Jaffray sold 10,386 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $55.30, for a total value of $574,345.80. Following the transaction, the chief financial officer now directly owns 16,155 shares of the company’s stock, valued at approximately $893,371.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.24% of the stock is owned by corporate insiders.

United Fire Group Company Profile

United Fire Group, Inc, together with its subsidiaries, provides insurance protection for individuals and businesses in the United States. The company operates through two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment offers commercial and personal lines of property and casualty insurance, as well as assumed reinsurance products.

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Insider Buying and Selling by Quarter for United Fire Group (NASDAQ:UFCS)

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