United Fire Group Lowered to Hold at Sandler O’Neill (UFCS)
United Fire Group (NASDAQ:UFCS) was downgraded by stock analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a report issued on Monday, Stock Ratings Network.com reports.
In other United Fire Group news, CEO Randy Ramlo sold 3,469 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $31.00, for a total value of $107,539.00. Following the sale, the chief executive officer now directly owns 23,211 shares in the company, valued at approximately $719,541. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on UFCS. Analysts at Zacks upgraded shares of United Fire Group (NASDAQ:UFCS) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $31.40 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of United Fire Group (NASDAQ:UFCS) from $26.00 to $29.00 in a research note to investors on Wednesday, August 7th.
United Fire Group (NASDAQ:UFCS) traded up 0.10% on Monday, hitting $30.47. 86,313 shares of the company’s stock traded hands. United Fire Group has a 52 week low of $18.49 and a 52 week high of $32.94. The stock has a 50-day moving average of $29.61 and a 200-day moving average of $27.96. The company has a market cap of $771.7 million and a price-to-earnings ratio of 17.53.
United Fire Group (NASDAQ:UFCS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.26. The company had revenue of $219.72 million for the quarter, compared to the consensus estimate of $210.47 million. On average, analysts predict that United Fire Group will post $2.28 earnings per share for the current fiscal year.
United Fire Group, Inc, formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.