UFCS Stock Summary and Trading Ideas (United Fire Group | NASDAQ:UFCS)

United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premium and investment income.

United Fire Group trades on the NASDAQ stock market under the symbol UFCS.

As of November 15, 2024, UFCS stock price climbed to $25.42 with 73,930 million shares trading.

UFCS has a beta of 0.55, meaning it tends to be less sensitive to market movements. UFCS has a correlation of 0.03 to the broad based SPY ETF.

UFCS has a market cap of $644.04 million. This is considered a Small Cap stock.

Last quarter United Fire Group reported $323 million in Revenue and $.81 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.48.

In the last 3 years, UFCS traded as high as $37.26 and as low as $18.04.

The top ETF exchange traded funds that UFCS belongs to (by Net Assets): IJR, IWM, VTI, VXF, IJS.

UFCS has underperformed the market in the last year with a return of +27.6%, while SPY returned +32.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in UFCS shares. However, UFCS has outperformed the market in the last 3 month and 2 week periods, returning +33.1% and +29.4%, while SPY returned +8.0% and +3.0%, respectively. This indicates UFCS has been having a stronger performance recently.

UFCS support price is $24.54 and resistance is $25.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UFCS shares will trade within this expected range on the day.