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Vanguard Group Inc's Strategic Reduction in United Fire Group Inc Holdings
Gurufocus· 2024-10-04 20:07
Overview of Vanguard's Recent Transaction On September 30, 2024, Vanguard Group Inc executed a significant transaction involving the shares of United Fire Group Inc (UFCS, Financial), a noted player in the property and casualty insurance sector. The firm reduced its holdings by 300,293 shares, resulting in a new total of 1,336,649 shares. This move, marked at a trading price of $20.93 per share, reflects a strategic adjustment in Vanguard's investment portfolio, despite the trade having a neutral impact on ...
United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share
GlobeNewswire News Room· 2024-08-16 18:00
CEDAR RAPIDS, Iowa, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 13, 2024 to shareholders of record as of August 30, 2024. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 226th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as ...
UFG(UFCS) - 2024 Q2 - Quarterly Report
2024-08-07 21:07
Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.001 par value UFCS The NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34257 _____ ...
UFG(UFCS) - 2024 Q2 - Earnings Call Transcript
2024-08-07 19:46
United Fire Group, Inc. (NASDAQ:UFCS) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Tim Borst – Vice President of Investor Relations Kevin Leidwinger – President and Chief Executive Officer Julie Stephenson – Executive Vice President and Chief Operating Officer Eric Martin – Executive Vice President and Chief Financial Officer Conference Call Participants Paul Newsome – Piper Sandler Operator Good day, and welcome to the United Fire Group Insurance 2024 Second Quarter Conf ...
UFG(UFCS) - 2024 Q2 - Earnings Call Presentation
2024-08-07 14:58
SECOND QUARTER 2024 RESULTS AUGUST 7, 2024 Safe harbor statement and non-GAAP measures This presentation may contain forward-looking statements about our operations, anticipated performance and other similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934 for forward-looking statements. The forward-looking statements are not historical facts and involve risks and uncertainties that could cause actua ...
United Fire Group (UFCS) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-06 22:32
United Fire Group (UFCS) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $2.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this property and casualty insurance company would post earnings of $0.55 per share when it actually produced earnings of $0.56, delivering a surprise of 1.82%. Over the last fo ...
UFG(UFCS) - 2024 Q2 - Quarterly Results
2024-08-06 20:11
Exhibit 99.1 United Fire Group, Inc. Reports Second Quarter 2024 Results Second Quarter Net Loss of $0.11 per Diluted Share and Adjusted Operating Loss of $0.07 per Diluted Share Second quarter 2024 highlights: • Net loss of $2.7 million includes a $3.2 million pre-tax charge for an estimated contingent liability related to rating errors. • Net premiums written increased 9.0% to $326.1 million compared to the second quarter of 2023. • Net investment income increased 59.2% to $18.0 million compared to the se ...
United Fire Group, Inc. Announces Its 2024 Second Quarter Earnings Call
Newsfilter· 2024-07-23 19:00
Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through August 14, 2024. The replay access information is toll-free 1-877-344-7529 (international 1-412-317-0088); access code no. 9685737. About UFG: For more information about UFG visit www.ufginsurance.com. CEDAR RAPIDS, Iowa, July 23, 2024 (GLOBE NEWSWIRE) -- United Fire Gro ...
United Fire Group announces completion of debt offering
Newsfilter· 2024-06-03 20:01
CEDAR RAPIDS, Iowa, June 03, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc (the "Company" or "UFG") (NASDAQ: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $70 million aggregate principal senior unsecured 9.0% notes due May 31, 2039 (the "Notes") in a private offering (the "Offering") with Ares Management Credit funds as the lead investor. Proceeds from the Offering will be used to support anticipated growth and for general corpo ...
United Fire Group announces completion of debt offering
GlobeNewswire News Room· 2024-06-03 20:01
CEDAR RAPIDS, Iowa, June 03, 2024 (GLOBE NEWSWIRE) -- United Fire Group, Inc (the "Company" or "UFG") (NASDAQ: UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $70 million aggregate principal senior unsecured 9.0% notes due May 31, 2039 (the "Notes") in a private offering (the "Offering") with Ares Management Credit funds as the lead investor. Proceeds from the Offering will be used to support anticipated growth and for general corpo ...