Revenue Update on United Fire Group(NASDAQ:UFCS)

United Fire Group(NASDAQ:UFCS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $279.77M. Analysts estimated a revenue of $274.40M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.34.

United Fire Group (UFCS) made into the market gainers list on Fridays trading session with the shares advancing 0.45% or 0.19 points. Due to strong positive momentum, the stock ended at $42.71, which is also near the day’s high of $42.8. The stock began the session at $42.42 and the volume stood at 26,619 shares. The 52-week high of the shares is $45.75 and the 52 week low is $32.49. The company has a current market capitalization of $1,085 M and it has 2,53,96,185 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Dee Ann Mcintyre (10% owner) purchased 5,000 shares at $42.04 per share price.Also, On Jun 16, 2016, Christopher R Drahozal (director) sold 5,000 shares at $42.04 per share price.On May 12, 2016, Kyle D. Skogman (director) sold 1,333 shares at $40.69 per share price, according to the Form-4 filing with the securities and exchange commission.

United Fire Group Inc. (United Fire) provides insurance protection for individuals and businesses through several regional companies. The Company operates through two segments: property and casualty insurance and life insurance. The Company’s property and casualty insurance segment consists of commercial lines insurance including surety bonds personal lines insurance and assumed reinsurance. The Company’s life insurance segment consists of deferred and immediate fixed annuities universal life insurance products and traditional life insurance products. The Company’s property and casualty insurance company subsidiaries are licensed in 43 states plus the District of Columbia and are represented by approximately 1200 independent agencies. Its life insurance subsidiary is licensed in 37 states and is represented by approximately 1000 independent agencies.

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