Alert: Positive Investment/Fundamental Signals (2/28/24)-United Fire Group Inc (NASDAQ: UFCS)

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United Fire Group Inc (NASDAQ: UFCS) has benefited from extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.

Recent notable positive changes in fundamentals have benefitted United Fire Group Inc (NASDAQ: UFCS): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2025 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, UFCS is expected to be a modest Value Eraser.

United Fire Group has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. United Fire Group has a poor Appreciation Score of 29 but a slightly positive Power Rating of 64, triggering the Low Neutral Value Trend Rating.

Recent Price Action

United Fire Group Inc (NASDAQ: UFCS) stock closed at $23.57 on 2/28/24 after a modest decline of -1.1%. Trading volume in this decline was normal. The stock has declined -0.9% during the last week and has performed in line with the market over the last nine months.

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