From MarketBeat:

United Fire Group (NASDAQ:UFCS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating. Piper Sandler reduced their target price on United Fire Group to $18.00 and set an “underweight” rating. Shares of NASDAQ:UFCS traded up 4.7% and closed at $21.33. The company’s market cap is $538.80 million and it has a PE ratio of -18.39 and a beta of 0.31.

United Fire Group last reported quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.31 EPS, beating analysts’ consensus estimates of ($0.16) by $0.47. Revenue for the quarter was $273.96 million compared to the consensus estimate of $275.10 million. Equities analysts predict that United Fire Group will post -1.34 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of United Fire Group, purchasing shares worth millions collectively. Captrust Financial Advisors, Tower Research Capital LLC TRC, UBS Group AG, and Quantbot Technologies LP all increased their stakes in the company, with UBS Group AG now owning 3,182 shares.

United Fire Group, Inc, 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, commercial multiple peril and inland marine insurance, and assumed reinsurance products.



Read more: United Fire Group (NASDAQ:UFCS) Lifted to “Buy” at StockNews.com