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United Fire Group, Inc Message Board

  • ddrealist ddrealist Nov 16, 2012 3:42 PM Flag

    Same old song same old dance...

    Sandy will result in higher premiums, translating to favorable underwriting margins, where the insurance industry is already experiencing a nice upward trend as of late (it's about time). Let's not forget the disaster alone will almost act as a economic stimulus to the northeast, forcing money to be spent on rebuilding by various entities.

    I guess we will have to wait until UFCS's next press release for a better tally on Sandy's damage; I highly doubt the potential damage warranted UFCS's decline from 26ish to 18ish range (nearly a $170's mil drop in mkt cap value); it appears today's investors are seeing the tremendous value gap, bidding the shares to 19.65 as of this typing, an increase of approximately $27 mil in mkt cap value since yesterday.

    Anyways, below is my last post:

33.20+0.21(+0.64%)Sep 4 4:00 PMEDT