How to Buy United Fire Group Stock
United Fire Group Inc
United Fire Group, Inc. , together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States.
United Fire Group stock last closed at $22.23, down 0.85% from the previous day, and has decreased 16.18% in one year. It has underperformed other stocks in the Insurance - Property & Casualty industry by 0.36 percentage points. United Fire Group stock is currently +20.75% from its 52-week low of $18.41, and -19.81% from its 52-week high of $27.72.
As of Apr 26, 2024, there are 25.28M shares of UFCS outstanding. The market cap of UFCS is $561.91M. In the last 24 hours, 57,972 UFCS shares were traded.
How to Buy United Fire Group Stock
Wondering how to invest in United Fire Group stock? Here's how.
- Choose where to buy United Fire Group stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy United Fire Group stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your details.
- Analyze United Fire Group stock: The United Fire Group ticker symbol is UFCS. Is United Fire Group stock a good investment? Should you buy shares of UFCS? How do UFCS's underlying business fundamentals look? Do top analysts think United Fire Group is a good buy? Why has UFCS's stock price moved recently? (Hint: Our stock research tools can help you evaluate if UFCS is a good stock to buy).
- Place your UFCS purchase: Decide if you will purchase UFCS shares at the current market price or use a limit order to purchase UFCS stock at a particular price.
- Keep tabs on your investment in UFCS: Create a watchlist to keep tabs on your new investment in United Fire Group shares.
Step 1: Choose where to buy United Fire Group stock
You need an online brokerage account to access the NASDAQ market and buy UFCS shares.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to buy UFCS today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have created your account on the best stock app, you can securely and quickly fund your account:
Check out the video below if you need help depositing money into your investment account.
Step 4: Analyze United Fire Group stock
After you have selected the best place to buy United Fire Group stock, it's crucial to research their stock prior to investing, so you truly comprehend the risk as well as the upside.
United Fire Group shares data
UFCS Zen Score
WallStreetZen was designed to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on UFCS's stock page.
What is the fair value of UFCS stock?
Analysts use many financial metrics, analyses, models, and charts to gauge UFCS's intrinsic value.
Using relative valuations measures:
- UFCS may be undervalued based on its P/B ratio of 0.77x, relative to Insurance - Property & Casualty industry P/B ratio of 2.17x
You can access more valuation research on UFCS's stock here.
UFCS Financial Health Overview
Pros:
- UFCS's operating cash flow of $201.44M allows it to safely service it's debt of $50.00M.
Cons:
- UFCS profit margin has gone down from 1.5% to -2.7% in the past year.
- UFCS has a relatively high debt to equity ratio of 3.29.
- UFCS earnings of -$36.46M is not sufficient to cover its interest payments.
- Total UFCS debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy UFCS stock, according to Wall Street analysts?
Out of 1 sell side analysts who give forecasts on UFCS, the consensus analyst rating on UFCS is a Strong Sell
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the United Fire Group stock forecast page.
UFCS Momentum
How is UFCS performing as a company?
Last year, UFCS revenue was $1.10B. Over the past five year, UFCS's revenue has gone up by 0.47% per year. This was slower than the Insurance - Property & Casualty industry average of 11.77%.
Dig into UFCS's earnings and revenue performance here.
Latest Insiders Trades at UFCS
In the last 12 months, insiders at UFCS have bought more shares than they have sold.
Eric J. Martin, Chief Financial Officer of UFCS, was the latest UFCS insider to sell. They sold $26,744.42 worth of UFCS stock on Apr 18, 2024.
Learn more about who owns UFCS shares here.
Can I get consistent income from UFCS stock?
United Fire Group pays a dividend of 2.88%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.56%. If you owned $1,000 of UFCS stock, you would have been paid $28.79 in the past year.
United Fire Group dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more info about United Fire Group dividend yield and history here.
What others are saying about UFCS
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your UFCS purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will place your order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your investment in UFCS
Now that you own some UFCS stock, you'll want to stay up-to-date on your new stock purchase.
Put UFCS on a watchlist to see the latest developments about your UFCS stock.
UFCS Feed
How to Buy Stock in United Fire Group
To summarize, here are the 6 steps to buy United Fire Group stock:
- Choose where to buy United Fire Group stock
- Create your brokerage account
- Fund your brokerage account
- Analyze United Fire Group stock
- Place your UFCS purchase
- Keep tabs on your investment in UFCS
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in United Fire Group, create your watchlist below.
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