What is DOWLING & PARTN’s Forecast for UFCS FY2028 Earnings?

United Fire Group, Inc (NASDAQ:UFCS) – Equities research analysts at DOWLING & PARTN issued their FY2028 earnings per share (EPS) estimates for United Fire Group in a report released on Tuesday, September 29th. DOWLING & PARTN analyst J. Collins expects that the insurance provider will post earnings per share of $5.50 for the year. The consensus estimate for United Fire Group’s current full-year earnings is $4.97 per share.

United Fire Group (NASDAQ:UFCS) last announced its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.61. United Fire Group had a return on equity of 15.19% and a net margin of 9.57%.The firm had revenue of $383.73 million during the quarter, compared to analyst estimates of $347.76 million.

Several other brokerages have also recently commented on UFCS. Wall Street Zen cut shares of United Fire Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. Piper Sandler increased their price objective on shares of United Fire Group from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of United Fire Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 19th. Finally, Zacks Research raised shares of United Fire Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $52.50.

United Fire Group Stock Up 1.3%

Shares of NASDAQ UFCS opened at $54.62 on Thursday. The firm has a market capitalization of $1.40 billion, a PE ratio of 10.15 and a beta of 0.47. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.15. United Fire Group has a 1 year low of $29.85 and a 1 year high of $56.74. The firm’s 50-day moving average is $53.85 and its 200-day moving average is $48.07.

United Fire Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 4th. United Fire Group’s payout ratio is presently 14.87%.

Insider Activity at United Fire Group

In other news, Director Scott Carlton sold 9,777 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $55.52, for a total value of $542,819.04. Following the completion of the sale, the director directly owned 200,552 shares of the company’s stock, valued at $11,134,647.04. This represents a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UFCS. Globeflex Capital L P acquired a new position in United Fire Group during the second quarter valued at approximately $2,301,000. Legal & General Group Plc acquired a new stake in United Fire Group in the second quarter worth $2,679,000. Los Angeles Capital Management LLC raised its holdings in United Fire Group by 111.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 57,647 shares of the insurance provider’s stock worth $2,095,000 after purchasing an additional 30,328 shares during the period. GSA Capital Partners LLP acquired a new stake in United Fire Group in the second quarter worth $1,677,000. Finally, Man Group plc bought a new position in shares of United Fire Group during the second quarter worth $1,943,000. Institutional investors own 62.68% of the company’s stock.

About United Fire Group

United Fire Group, Inc (NASDAQ:UFCS) is an insurance holding company headquartered in Cedar Rapids, Iowa. Through its subsidiaries, the company provides property and casualty insurance products to businesses and individuals, primarily through a network of independent insurance agents.

United Fire Group offers commercial insurance covering areas such as commercial property, general liability, commercial automobile, workers’ compensation and surety bonds. Its personal insurance products include automobile and homeowners coverage.