United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States.
Proven track record second-rate dividend payer.
Share Price & News
How has United Fire Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UFCS has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UFCS underperformed the US Insurance industry which returned 16.3% over the past year.
Return vs Market: UFCS underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is United Fire Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs United Fire Group, Inc.'s (NASDAQ:UFCS) CEO Pay Fair?
1 month ago | Simply Wall StHow Much Of United Fire Group, Inc. (NASDAQ:UFCS) Do Insiders Own?
3 months ago | Simply Wall StIt Might Not Be A Great Idea To Buy United Fire Group, Inc. (NASDAQ:UFCS) For Its Next Dividend
Is United Fire Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UFCS ($44.96) is trading above our estimate of fair value ($23.31)
Significantly Below Fair Value: UFCS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UFCS is poor value based on its PE Ratio (77.6x) compared to the Insurance industry average (13.4x).
PE vs Market: UFCS is poor value based on its PE Ratio (77.6x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UFCS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UFCS is overvalued based on its PB Ratio (1.2x) compared to the US Insurance industry average (1.1x).
How is United Fire Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if UFCS's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if UFCS's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UFCS's revenue is expected to decline over the next 3 years (-2.2% per year).
High Growth Revenue: UFCS's revenue is forecast to decline over the next 3 years (-2.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UFCS's Return on Equity is forecast to be low in 3 years time (1.6%).
How has United Fire Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UFCS has high quality earnings.
Growing Profit Margin: UFCS's current net profit margins (1.2%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: UFCS's earnings have declined by -27.5% per year over the past 5 years.
Accelerating Growth: UFCS's earnings growth over the past year (557.2%) exceeds its 5-year average (-27.5% per year).
Earnings vs Industry: UFCS earnings growth over the past year (557.2%) exceeded the Insurance industry 32.1%.
Return on Equity
High ROE: UFCS's Return on Equity (1.6%) is considered low.
Return on Assets
Return on Capital Employed
How is United Fire Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: UFCS has a low level of unsold assets or inventory.
Debt Coverage by Assets: UFCS's debt is not covered by short term assets (assets are -6.9x debt).
Financial Institutions Analysis
Asset Level: UFCS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if UFCS has a sufficient allowance for bad loans.
Low Risk Liabilities: UFCS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if UFCS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UFCS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if UFCS has an appropriate level of bad loans.
What is United Fire Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: UFCS's dividend (2.94%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: UFCS's dividend (2.94%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: UFCS's dividends per share have been stable in the past 10 years.
Growing Dividend: UFCS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (224.4%), UFCS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UFCS's dividends in 3 years are not forecast to be well covered by earnings (240.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Randy Ramlo (58yo)
Mr. Randy Allan Ramlo serves as President and Chief Executive Officer of United Fire & Casualty Company. Mr. Ramlo has served as President and Chief Executive Officer of United Fire Group, Inc. since May 2 ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD3.13M) is about average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
|EVP & CFO||4.8yrs||US$1.25m||0.0047% $52.9k|
|Executive VP & COO||5.8yrs||US$1.59m||0.15% $1.7m|
|VP & Chief Investment Officer||18.1yrs||US$1.16m||0.063% $704.9k|
|VP, General Counsel & Corporate Secretary||18.8yrs||US$879.51k||0.042% $477.5k|
|CTO & VP||4.3yrs||no data||no data|
|Assistant VP & Controller||4.2yrs||no data||no data|
|Vice President of Corporate Marketing||1.8yrs||no data||no data|
|Vice President of Human Resources||2.8yrs||no data||no data|
|Assistant VP & Underwriting Manager||8.8yrs||no data||no data|
Experienced Management: UFCS's management team is seasoned and experienced (5.3 years average tenure).
|Vice Chairman of the Board||5.1yrs||US$186.23k||0.058% $649.9k|
|Independent Director||23.1yrs||US$148.48k||1.66% $18.7m|
|Independent Director||21.1yrs||US$140.48k||0.15% $1.7m|
|Independent Director||22.1yrs||US$148.36k||0.072% $813.0k|
|Independent Director||20.1yrs||US$152.48k||0.14% $1.5m|
|Independent Director||7yrs||US$131.48k||0.040% $451.6k|
|Independent Director||6yrs||US$134.48k||0.032% $365.4k|
|Independent Director||7.8yrs||US$140.48k||0.50% $5.7m|
Experienced Board: UFCS's board of directors are seasoned and experienced ( 11.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
United Fire Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: United Fire Group, Inc.
- Ticker: UFCS
- Exchange: NasdaqGS
- Founded: 1946
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$1.125b
- Shares outstanding: 25.03m
- Website: https://www.ufginsurance.com
Number of Employees
- United Fire Group, Inc.
- 118 Second Avenue SE
- Cedar Rapids
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UFCS||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1980|
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, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers’ compensation, 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 founded in 1946 and is headquartered in Cedar Rapids, Iowa.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 23:54|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.