UFCS - United Fire Group Inc Stock Price, Fair Value and News

22.00USD+0.39 (+1.80%)Market Closed

Market Summary

USD22.00+0.39

Market Closed

1.80%

UFCS Alerts

1 major insider buys recently.

UFCS Stock Price

View Fullscreen

UFCS RSI Chart

UFCS Valuation

Market Cap

556.1M

Price/Earnings (Trailing)

-18.72

Price/Sales (Trailing)

0.51

EV/EBITDA

-17.5

Price/Free Cashflow

3.24

UFCS Price/Sales (Trailing)

UFCS Profitability

EBT Margin

-3.63%

Return on Equity

-4.05%

Return on Assets

-0.94%

Free Cashflow Yield

30.88%

UFCS Fundamentals

UFCS Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

2.55%

Rev. Growth (Qtr)

4.88%

UFCS Earnings

Earnings (TTM)

-29.7M

Earnings Growth (Yr)

-2.54%

Earnings Growth (Qtr)

207.34%

Breaking Down UFCS Revenue

Last 7 days

1.2%

Last 30 days

1.3%

Last 90 days

1.3%

Trailing 12 Months

-19.5%

How does UFCS drawdown profile look like?

UFCS Financial Health

UFCS Investor Care

Dividend Yield

2.91%

Dividend/Share (TTM)

0.64

Shares Dilution (1Y)

0.24%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.0B	1.0B	1.1B	1.1B
2022	1.0B	985.6M	972.6M	980.3M
2021	1.2B	1.1B	1.1B	1.1B
2020	1.1B	1.1B	1.1B	1.1B
2019	1.1B	1.2B	1.2B	1.2B
2018	1.1B	1.1B	1.1B	1.1B
2017	1.0B	1.0B	1.0B	1.1B
2016	1.0B	1.0B	1.0B	996.4M
2015	957.5M	980.7M	1.0B	1.0B
2014	894.6M	907.6M	920.4M	941.9M
2013	824.8M	844.9M	861.4M	877.0M
2012	754.6M	772.5M	791.5M	813.2M
2011	590.0M	623.8M	663.5M	705.0M
2010	0	578.5M	584.8M	591.1M
2009	0	0	0	572.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of United Fire Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 31, 2024	stephenson julie a	sold (taxes)	-48,960	21.77	-2,249	executive vp & coo
Mar 20, 2024	rupert kenneth w jr	acquired	94,996	21.99	4,320	chief actuary
Mar 20, 2024	bahl jeremy	acquired	87,982	21.99	4,001	vp, field operations
Mar 20, 2024	lovvorn lindsay e	acquired	86,244	21.99	3,922	chief administrative officer
Mar 20, 2024	walsh kelly a	acquired	97,481	21.99	4,433	chief underwriting officer
Mar 20, 2024	stephenson julie a	acquired	327,321	21.99	14,885	executive vp & coo
Mar 20, 2024	woolstenhulme micah g	acquired	111,775	21.99	5,083	vp & chief risk officer
Mar 20, 2024	martin eric j	acquired	250,466	21.99	11,390	chief financial officer
Mar 20, 2024	madsen sarah e	acquired	143,617	21.99	6,531	chief legal officer
Mar 20, 2024	leidwinger kevin james	acquired	599,997	21.99	27,285	director, ceo

Which funds bought or sold UFCS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	sold off	-100	-579,879	-	-%
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	203	2,678	-%
Apr 10, 2024	Founders Capital Management	unchanged	-	1,650	21,770	0.01%
Apr 10, 2024	Bruce G. Allen Investments, LLC	sold off	-100	-785	-	-%
Apr 05, 2024	GAMMA Investing LLC	added	6.9	324	8,773	-%
Apr 05, 2024	CWM, LLC	added	1.34	6,000	71,000	-%
Apr 03, 2024	Versant Capital Management, Inc	reduced	-16.22	-69.00	675	-%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	reduced	-9.11	-12,276	153,504	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-0.41	747,366	52,228,800	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	127	3,230,350	5,684,620	-%

Are Funds Buying or Selling UFCS?

Are funds buying UFCS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own UFCS

No. of Funds

UFCS Alerts

1 major insider buys recently.

Unveiling United Fire Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 11, 2024	earnest partners llc	5.0%	1,275,445	SC 13G/A
Feb 14, 2024	earnest partners llc	5.1%	1,288,566	SC 13G/A
Feb 13, 2024	vanguard group inc	10.27%	2,595,863	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.9%	1,483,515	SC 13G/A
Jan 23, 2024	blackrock inc.	14.3%	3,612,427	SC 13G/A
Feb 14, 2023	earnest partners llc	6.6%	1,663,638	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.7%	1,684,237	SC 13G/A
Feb 09, 2023	vanguard group inc	10.20%	2,569,033	SC 13G/A
Jan 23, 2023	blackrock inc.	14.8%	3,727,923	SC 13G/A
Oct 11, 2022	vanguard group inc	10.06%	2,534,949	SC 13G/A

Recent SEC filings of United Fire Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 02, 2024	ARS	ARS
Apr 02, 2024	DEF 14A	DEF 14A
Apr 02, 2024	DEFA14A	DEFA14A
Apr 01, 2024	4	Insider Trading
Mar 22, 2024	8-K/A	Current Report
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading

Peers (Alternatives to United Fire Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.2B	-2.54%	3165.31%	-4.8K	765.85	-10.27%	-34.69%
AJG	50.7B	10.1B	-7.85%	14.59%	52.27	5.04	17.79%	-12.97%
AIG	49.7B	46.8B	-3.32%	37.26%	13.64	1.06	-14.05%	-64.38%
TRV	48.2B	42.9B	-5.88%	15.29%	15.36	1.12	13.52%	12.15%
AFL	46.7B	18.7B	-3.98%	20.97%	10.03	2.5	-2.30%	5.45%
ACGL	34.2B	13.6B	-0.31%	26.70%	7.7	2.51	41.83%	201.02%
AFG	10.5B	7.8B	-4.69%	1.23%	12.32	1.34	11.18%	-5.12%
MID-CAP
UNM	9.7B	12.4B	-3.09%	22.57%	7.58	0.79	3.35%	-8.77%
AIZ	8.9B	11.1B	-4.72%	43.63%	13.82	0.8	9.21%	132.28%
LNC	4.6B	11.6B	-0.26%	24.04%	-6.15	0.4	-38.09%	-155.38%
AEL	4.4B	2.8B	-1.66%	43.84%	20.8	1.54	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-9.70%	5.89%	-17.88	1.32	24.25%	-115.79%
AMSF	955.4M	306.9M	-1.13%	-4.68%	15.38	3.11	4.11%	11.70%
AMBC	633.6M	269.0M	-4.82%	-7.03%	140.81	2.36	-46.68%	-99.14%
AAME	40.2M	186.8M	-29.64%	-14.72%	-235.04	0.22	-0.56%	-111.21%

United Fire Group Inc News

Latest updates

United Fire Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.9%	287,319,000	273,955,000	267,089,000	267,104,000	280,163,000	235,573,000	219,536,000	245,014,000	272,501,000	248,543,000	244,412,000	300,735,000	310,898,000	282,121,000	297,803,000	177,805,000	293,374,000	298,055,000	304,197,000	305,539,000	252,062,000
EBITDA Margin	15.7%	-0.02	-0.03	-0.06	-0.01	0.02	0.08	0.09	0.12	0.10	0.02	-0.02	-0.03	-	-	-	-	-	-	-	-	-
Interest Expenses	9.0%	869,000	797,000	797,000	797,000	797,000	797,000	797,000	797,000	796,000	797,000	1,594,000	-	-	-	-	-	-	-	-	-	-
Income Taxes	126.6%	4,523,000	1,996,000	-15,845,000	-695,000	2,521,000	-8,248,000	-3,604,000	6,377,000	14,559,000	-4,834,000	2,522,000	4,002,000	-4,633,000	-17,987,000	-1,724,000	-32,465,000	-5,536,000	-2,186,000	-375,000	10,156,000	-12,176,000
Earnings Before Taxes	188.1%	24,131,000	8,376,000	-72,227,000	-1,000	22,641,000	-31,229,000	-14,061,000	34,726,000	72,294,000	-14,427,000	16,272,000	22,704,000	-13,524,000	-55,228,000	4,236,000	-104,999,000	-28,699,000	-4,528,000	-4,571,000	54,677,000	-41,512,000
EBT Margin	4.2%	-0.04	-0.04	-0.08	-0.02	0.01	0.06	0.08	0.11	0.09	0.01	-0.03	-0.04	-	-	-	-	-	-	-	-	-
Net Income	207.3%	19,608,000	6,380,000	-56,382,000	694,000	20,120,000	-22,981,000	-10,457,000	28,349,000	57,735,000	-9,593,000	13,750,000	18,702,000	-8,891,000	-37,241,000	5,960,000	-72,534,000	-23,163,000	-2,342,000	-4,196,000	44,521,000	-29,336,000
Net Income Margin	-1.1%	-0.03	-0.03	-0.06	-0.01	0.02	0.05	0.07	0.09	0.08	0.01	-0.01	-0.02	-	-	-	-	-	-	-	-	-
Free Cashflow	-80.1%	22,230,000	111,642,000	44,650,000	-6,786,000	28,542,000	-13,919,000	-17,469,000	1,595,000	11,729,000	-16,642,000	15,320,000	19,510,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.0%	3,144	3,052	3,018	2,898	2,882	2,819	2,885	2,930	3,013	3,011	3,058	3,065	3,070	3,048	3,035	2,950	3,013	3,014	3,002	2,904	2,817
Cash Equivalents	47.6%	102	69.00	80.00	53.00	97.00	53.00	92.00	110	132	133	119	72.00	88.00	100	146	121	121	130	149	96.00	64.00
Net PPE	0.3%	134	134	134	133	133	133	135	139	138	136	135	132	130	128	126	123	117	121	116	108	97.00
Liabilities	0.1%	2,410	2,407	2,342	2,147	2,142	2,118	2,104	2,094	2,134	2,196	2,219	2,241	2,245	2,228	2,174	2,117	2,103	2,050	2,033	1,949	1,928
Shareholder's Equity	13.8%	734	645	676	752	740	701	781	836	879	815	839	824	825	820	861	833	910	964	968	955	888
Retained Earnings	2.8%	575	559	557	617	621	604	631	646	621	567	581	571	556	569	614	616	697	729	739	752	715
Additional Paid-In Capital	0.0%	210	210	209	208	207	207	206	204	203	203	203	203	202	201	200	198	200	203	209	207	203
Accumulated Depreciation	3.0%	68.00	66.00	64.00	62.00	60.00	62.00	61.00	62.00	60.00	59.00	58.00	57.00	55.00	54.00	53.00	51.00	50.00	42.00	42.00	41.00	40.00
Shares Outstanding	0.0%	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	500	-	-	-	800	-	-	-	700	-	-	-	700	-	-	-	1,000	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-80.1%	22,230	111,642	44,650	-6,786	28,542	-13,919	-17,469	1,595	11,729	-16,642	15,320	19,510	54,303	-17,100	6,719	-2,487	37,587	19,889	25,573	10,703	40,890
Share Based Compensation	-87.1%	122	949	1,099	1,076	236	828	783	979	370	959	1,106	1,009	1,013	1,052	1,293	1,634	904	1,203	1,357	2,688	1,209
Cashflow From Investing	112.5%	14,775	-118,148	-14,012	-32,501	19,143	-20,785	2,532	-20,061	-8,627	35,659	36,381	-31,682	-112,707	-21,291	26,893	14,234	-35,088	-23,011	35,174	27,426	-21,695
Cashflow From Financing	-1.5%	-4,109	-4,048	-4,164	-4,133	-4,052	-4,213	-2,651	-4,116	-3,770	-4,764	-4,696	-4,262	46,748	-8,267	-8,074	-11,745	-11,485	-15,954	-7,499	-7,047	-6,993
Dividend Payments	0.0%	4,042	4,043	4,042	4,037	4,034	4,031	4,028	3,767	3,762	3,763	3,771	3,768	3,749	8,261	8,267	8,249	8,256	8,284	8,325	7,797	7,773
Buy Backs	-	-	-	-	-	-	-	-	-	-1.00	1,001	1,000	7.00	-	-	-	2,741	3,573	8,058	69.00	-	-

UFCS Income Statement

2023-12-31

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Net premiums earned	$ 1,034,587	$ 951,541	$ 962,823
Investment income, net of investment expenses	59,606	44,932	55,778
Net investment gains (losses) (includes reclassifications for net unrealized gains (losses) on available-for-sale securities of $(718) in 2023; $(1,323) in 2022; and $2,256 in 2021 previously included in accumulated other comprehensive income)	1,274	(15,892)	47,383
Other income (loss)	0	(295)	207
Total revenues	1,095,467	980,286	1,066,191
Benefits, losses and expenses
Losses and loss settlement expenses	769,414	637,301	652,155
Amortization of deferred policy acquisition costs	244,991	213,075	203,432
Other underwriting expenses (includes reclassifications for employee benefit costs of $(207) in 2023; $(3,601) in 2022; and $(6,603) in 2021 previously included in accumulated other comprehensive income)	115,800	115,169	110,103
Interest Expense	3,260	3,188	3,187
Other nonunderwriting expenses	1,723	(524)	471
Total benefits, losses and expenses	1,135,188	968,209	969,348
Income (loss) before income taxes	(39,721)	12,077	96,843
Federal income tax expense (benefit) (includes reclassifications of $194 in 2023; $1,034 in 2022 and $913 in 2021 previously included in accumulated other comprehensive income)	10,021	2,954	(16,249)
Net income (loss)	(29,700)	15,031	80,594
Other comprehensive income (loss)
Change in net unrealized appreciation on investments	26,373	(176,181)	(39,901)
Change in liability for underfunded employee benefit plans	18,953	(8,278)	19,633
Other comprehensive income (loss), before tax and reclassification adjustments	45,326	(184,459)	(20,268)
Income tax effect	(9,518)	38,736	4,260
Other comprehensive income (loss), after tax, before reclassification adjustments	35,808	(145,723)	(16,008)
Reclassification adjustment for net (gains) losses included in income	718	1,323	(2,256)
Reclassification adjustment for employee benefit costs included in expense	207	3,601	6,603
Total reclassification adjustments, before tax	925	4,924	4,347
Income tax effect	(194)	(1,034)	(913)
Total reclassification adjustments, after tax	731	3,890	3,434
Comprehensive income (loss)	$ 6,839	$ (126,802)	$ 68,020
Earnings (loss) per common share:
Basic (in dollars per share)	$ (1.18)	$ 0.60	$ 3.21
Diluted (in dollars per share)	$ (1.18)	$ 0.59	$ 3.16

UFCS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fixed maturities
Available-for-sale, at fair value (amortized cost $1,771,041 in 2023 and $1,662,680 in 2022; allowance for credit losses $1 in 2023 and $3 in 2022)	$ 1,686,502	$ 1,551,336
Equity securities, at fair value (cost $29,238 in 2023 and $75,292 in 2022)	55,019	169,106
Mortgage loans	45,421	37,947
Less: allowance for mortgage loan losses	55	49
Mortgage loans, net	45,366	37,898
Other long-term investments	99,507	86,276
Short-term investments	100	275
Total Investments	1,886,494	1,844,891
Cash and cash equivalents	102,046	96,650
Accrued investment income	15,934	14,480
Premiums receivable (net of allowance for doubtful accounts of $1,794 in 2023 and $1,575 in 2022)	464,791	365,729
Deferred policy acquisition costs	126,532	104,225
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $68,242 in 2023 and $59,566 in 2022)	134,247	133,113
Reinsurance receivables and recoverables (net of allowance for credit losses of $97 in 2023 and $82 in 2022)	223,269	170,953
Prepaid reinsurance premiums	27,682	11,300
Goodwill and net intangible assets	4,615	5,324
Deferred tax asset, net	13,621	15,531
Income taxes receivable	21,463	31,418
Other assets	123,496	88,672
Total assets	3,144,190	2,882,286
Liabilities
Losses and loss settlement expenses	1,638,755	1,497,274
Unearned premiums	549,384	474,388
Accrued expenses and other liabilities	172,306	120,510
Long term debt	50,000	50,000
Total liabilities	2,410,445	2,142,172
Stockholders' equity
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,269,842 and 25,210,541 shares issued and outstanding in 2023 and 2022, respectively	25	25
Additional paid-in capital	209,986	207,030
Retained earnings	574,691	620,555
Accumulated other comprehensive income (loss), net of tax	(50,957)	(87,496)
Total stockholders' equity	733,745	740,114
Total liabilities and stockholders' equity	$ 3,144,190	$ 2,882,286

About United Fire Group Inc

United Fire Group, Inc., together with its subsidiaries, 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; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fidelity and surety coverage; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners. The company sells its products through a network of independent agencies. United Fire Group, Inc. was incorporated in 1946 and is headquartered in Cedar Rapids, Iowa.

CEO	Mr. Kevin James Leidwinger
WEBSITE	ufginsurance.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	1091

United Fire Group Inc Frequently Asked Questions

What is the ticker symbol for United Fire Group Inc? What does UFCS stand for in stocks?

UFCS is the stock ticker symbol of United Fire Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of United Fire Group Inc (UFCS)?

As of Thu Apr 18 2024, market cap of United Fire Group Inc is 556.1 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of UFCS stock?

You can check UFCS's fair value in chart for subscribers.

What is the fair value of UFCS stock?

You can check UFCS's fair value in chart for subscribers. The fair value of United Fire Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of United Fire Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for UFCS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is United Fire Group Inc a good stock to buy?

The fair value guage provides a quick view whether UFCS is over valued or under valued. Whether United Fire Group Inc is cheap or expensive depends on the assumptions which impact United Fire Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for UFCS.

What is United Fire Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, UFCS's PE ratio (Price to Earnings) is -18.72 and Price to Sales (PS) ratio is 0.51. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. UFCS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on United Fire Group Inc's stock?

In the past 10 years, United Fire Group Inc has provided 0 (multiply by 100 for percentage) rate of return.