United Fire Group is an insurance holding company. Through its consolidated subsidiaries and affiliates, Co. is engaged in the business of writing property and casualty insurance through a network of independent agencies. Co.'s property and casualty insurance business is reported as one business segment. Co.'s property and casualty insurance business is comprised of commercial lines insurance, including surety bonds, personal lines insurance and assumed reinsurance. All of Co.'s property and casualty insurance subsidiaries and its affiliate belong to an intercompany reinsurance pooling arrangement. We show 57 historical shares outstanding datapoints in our UFCS shares outstanding history coverage, used to compute UFCS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing UFCS market cap history over the course of time is important for investors
interested in comparing UFCS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of UFCS versus a peer is one thing; comparing
UFCS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like UFCS can fluctuate over the course of history.
With this page we aim to empower investors researching UFCS by allowing them to research the UFCS market cap history. |
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Video: The Importance of Market Cap
