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EMC Insurance Group (NASDAQ:EMCI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday. They currently have a $29.50 target price on the stock. Zacks‘s price target indicates a potential downside of 4.53% from the company’s current price.

EMCI has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of EMC Insurance Group from $34.00 to $33.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at Sandler O’Neill cut their price target on shares of EMC Insurance Group from $39.00 to $38.00 in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. EMC Insurance Group presently has a consensus rating of “Buy” and a consensus price target of $30.54.

EMC Insurance Group (NASDAQ:EMCI) traded down 0.55% during mid-day trading on Friday, hitting $30.90. The stock had a trading volume of 24,725 shares. EMC Insurance Group has a 1-year low of $26.23 and a 1-year high of $36.50. The stock’s 50-day moving average is $31.40 and its 200-day moving average is $31.64. The company has a market cap of $415.9 million and a price-to-earnings ratio of 10.28.

EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings data on Monday, July 21st. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.33. On average, analysts predict that EMC Insurance Group will post $2.13 earnings per share for the current fiscal year.

EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.

To view Zacks’ full report, visit Zacks’ official website.

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