EMC Insurance Group’s (EMCI) Neutral Rating Reiterated at Keefe, Bruyette & Woods

EMC Insurance Group (NASDAQ:EMCI)‘s stock had its “neutral” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday.

A number of other research firms also recently commented on EMCI. BidaskClub downgraded shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine downgraded shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th.

EMC Insurance Group (EMCI) traded up $0.65 during midday trading on Thursday, hitting $27.71. 12,638 shares of the stock were exchanged, compared to its average volume of 13,883. EMC Insurance Group has a one year low of $25.97 and a one year high of $32.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $577.79, a P/E ratio of 17.10 and a beta of 0.93.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.03). EMC Insurance Group had a net margin of 5.32% and a return on equity of 4.99%. analysts expect that EMC Insurance Group will post 1.25 EPS for the current fiscal year.

In related news, VP Robert Lynn Link sold 3,938 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $29.29, for a total transaction of $115,344.02. Following the completion of the sale, the vice president now owns 9,612 shares of the company’s stock, valued at approximately $281,535.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Anne Simonetta sold 1,302 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.30, for a total transaction of $39,450.60. Following the sale, the insider now directly owns 11,386 shares of the company’s stock, valued at approximately $344,995.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,824 shares of company stock valued at $746,033. Corporate insiders own 4.46% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in EMC Insurance Group by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,603 shares of the insurance provider’s stock worth $795,000 after purchasing an additional 133 shares in the last quarter. Teachers Advisors LLC increased its position in EMC Insurance Group by 4.2% during the 2nd quarter. Teachers Advisors LLC now owns 15,281 shares of the insurance provider’s stock worth $425,000 after purchasing an additional 614 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in EMC Insurance Group by 17.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,708 shares of the insurance provider’s stock worth $242,000 after purchasing an additional 1,280 shares in the last quarter. Alliancebernstein L.P. increased its position in EMC Insurance Group by 24.7% during the 2nd quarter. Alliancebernstein L.P. now owns 9,100 shares of the insurance provider’s stock worth $253,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in EMC Insurance Group by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 90,355 shares of the insurance provider’s stock worth $2,543,000 after purchasing an additional 2,063 shares in the last quarter. 28.13% of the stock is owned by hedge funds and other institutional investors.

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About EMC Insurance Group

EMC Insurance Group Inc is an insurance holding company. The Company operates through two segments: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance operations through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance operations through its subsidiary, EMC Reinsurance Company.

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