United Fire Group: Underwriting Results On An Upswing [Seeking Alpha]
United Fire Group, Inc (UFCS)
US:NASDAQ Investor Relations:
ir.ufginsurance.com
Company Research
Source: Seeking Alpha
Poor underwriting results are leading to a hard market, as insurers reprice policies to recoup costs. I expect UFCS to return to profitability in 2024 with better pricing and continued strong investment income. However, until the company actually delivers, I prefer to maintain my hold rating. With Property & Casualty ("P&C") peers like Progressive Corp. ( PGR ) and Allstate Corp. ( ALL ) recently making new highs, I thought it may be timely to revisit United Fire Group ( NASDAQ: UFCS ), to see if its business fundamentals are also on an upswing. Overall, bad underwriting results from the industry due to high inflation negative impacting claims is leading to a hard market, as insurers have been renewing policies at double-digit premiums. This bodes well for United Fire's upcoming results. However, I prefer to be conservative with respect to United Fire, as the company has underachieved in the past. For now, I am maintaining my hold recommendation. Brief Company Overview Fo
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UFCS
News
- United Fire Group Insiders Added US$548.6k Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- United Fire Group, Inc. Announces Its 2024 First Quarter Earnings CallGlobeNewswire
- Should Value Investors Buy United Fire Group (UFCS) Stock? [Yahoo! Finance]Yahoo! Finance
- United Fire Group, Inc. (NASDAQ: UFCS) had its "underweight" rating re-affirmed by analysts at Piper Sandler. They now have a $21.00 price target on the stock.MarketBeat
- United Fire Group, Inc. (NASDAQ:UFCS) is favoured by institutional owners who hold 65% of the company [Yahoo! Finance]Yahoo! Finance
UFCS
Earnings
- 2/13/24 - Beat
UFCS
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/1/24 - Form DEFA14A
- UFCS's page on the SEC website