New insider activity at United Fire Group ( (UFCS) ) has taken place on February 19, 2025.
Director George Milligan recently made a notable move by purchasing 3,500 shares of United Fire Group stock, a transaction valued at $94,395. This acquisition highlights a significant investment from within the company’s own leadership.
Recent Updates on UFCS stock
In the last 24 hours, United Fire Group (UFCS) experienced a price target increase from Piper Sandler, citing the company’s strong financial performance. The firm noted that United Fire Group reported a strong earnings beat, attributed to better-than-expected underwriting and lower catastrophe losses, with no reserve development in the quarter. The company’s Q4 earnings highlighted significant achievements, including record net written premiums and a robust investment portfolio performance. United Fire Group’s net income for the fourth quarter rose to $31.4 million, with improvements in underwriting profitability and the combined ratio. Despite challenges from social inflation and elevated expense ratios, the overall outlook remains positive, driven by strategic improvements in underwriting and investment strategies.
More about United Fire Group
YTD Price Performance: -6.95%
Average Trading Volume: 149,992
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $671.6M