United Fire Group (UFCS) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher [1] - The Zacks Momentum Style Score helps define momentum characteristics, with United Fire Group (UFCS) currently holding a Momentum Style Score of B [2] - The Zacks Rank system indicates that stocks rated 1 (Strong Buy) and 2 (Buy) with Style Scores of "A or B" tend to outperform the market [3] Group 2: United Fire Group Performance - UFCS shares have increased by 5.51% over the past week, outperforming the Zacks Insurance - Property and Casualty industry, which rose by 1.06% [5] - Over the last quarter, UFCS shares rose by 10.29%, and over the past year, they increased by 56.19%, compared to the S&P 500's gains of 9.33% and 17.71% respectively [6] - The average 20-day trading volume for UFCS is 143,170 shares, indicating a bullish sign if the stock continues to rise [7] Group 3: Earnings Outlook - In the past two months, one earnings estimate for UFCS has increased, raising the consensus estimate from $2.50 to $2.74 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, UFCS is classified as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential pick for investors [11]