In a report released today, Paul Newsome from Piper Sandler maintained a Sell rating on United Fire Group (UFCS – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $21.04.
According to TipRanks, Newsome is a 5-star analyst with an average return of 7.6% and a 63.12% success rate. Newsome covers the Financial sector, focusing on stocks such as Selective Insurance Group, United Fire Group, and Kemper.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for United Fire Group with a $20.00 average price target.
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Based on United Fire Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $267.1 million and a net profit of $694 thousand. In comparison, last year the company earned a revenue of $245.01 million and had a net profit of $28.23 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UFCS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
United Fire Group, Inc. is a holding company, which engages in the business of writing property, casualty insurance, life insurance, and selling annuities through a network of independent agencies. It offers insurance protection to individuals, homes, vehicles, and lives. The company was founded in January 1946 and is headquartered in Cedar Rapids, IA.
Read More on UFCS:
- United Fire Group, Inc. Reports Second Quarter 2023 Results
- UFCS Upcoming Earnings Report: What to Expect?
- United Fire Group price target lowered to $20 from $22 at Piper Sandler
- United Fire Group, Inc. Reports Estimates for Second Quarter 2023 Results
- United Fire Group, Inc. Announces Its 2023 Second Quarter Earnings Call
