Keefe, Bruyette & Woods Starts United Fire & Casualty (UFCS) at Market Perform; Midwest Insurer Shakes off Katrina's Punch

Keefe, Bruyette & Woods initiates coverage on United Fire & Casualty (NASDAQ: UFCS) with a Market Perform. PT $20.00.

KBW analyst says, "United Fire & Casualty provides a complete line of insurance products, both P&C and life, distributed through independent insurance agents mainly in the Midwest, West, and Mid-Atlantic regions. Catastrophe losses have negatively impacted earnings in recent years, but the company has a solid balance sheet and a good underwriting track record."

For more ratings news on United Fire & Casualty click here and for the rating history of United Fire & Casualty click here.

Shares of United Fire & Casualty closed at $18.81 yesterday.

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