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Friday, December 14, 2012

Potential Takeover Candidate? (NASDAQ: UFCS)

Shares of UFCS fell by 0.07% or $-0.015/share to $21.46. NASDAQ is trading at a price to book ratio of 0.72. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.57. The price to sales ratio came in at 0.69. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 66174 shares of UFCS exchange hands on a given day and today's volume is recorded at 191530. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

United Fire Group, Inc., formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities.