EMC Insurance Group (EMCI) Rating Reiterated by Sandler O’Neill

EMC Insurance Group (NASDAQ:EMCI)‘s stock had its “hold” rating reiterated by equities researchers at Sandler O’Neill in a research report issued on Friday. They presently have a $28.00 price objective on the insurance provider’s stock. Sandler O’Neill’s price objective suggests a potential upside of 5.11% from the company’s previous close.

A number of other brokerages also recently commented on EMCI. BidaskClub downgraded EMC Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. ValuEngine downgraded EMC Insurance Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of EMC Insurance Group in a research report on Thursday, February 8th.

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Shares of NASDAQ:EMCI opened at $26.64 on Friday. The firm has a market capitalization of $573.11, a PE ratio of 21.84 and a beta of 0.93. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.04. EMC Insurance Group has a 52 week low of $25.70 and a 52 week high of $32.19.

EMC Insurance Group (NASDAQ:EMCI) last announced 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). The business had revenue of $169.93 million during the quarter. EMC Insurance Group had a net margin of 6.02% and a return on equity of 4.48%. research analysts anticipate that EMC Insurance Group will post 1.5 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of EMCI. SG Americas Securities LLC purchased a new stake in EMC Insurance Group during the third quarter valued at about $102,000. MetLife Investment Advisors LLC purchased a new stake in EMC Insurance Group during the fourth quarter valued at about $109,000. First Trust Advisors LP purchased a new stake in EMC Insurance Group during the fourth quarter valued at about $225,000. The Manufacturers Life Insurance Company grew its position in EMC Insurance Group by 17.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,708 shares of the insurance provider’s stock valued at $242,000 after acquiring an additional 1,280 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in EMC Insurance Group during the fourth quarter valued at about $250,000. 28.31% 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, which engages in the operation and sale of commercial lines of property and casualty insurance to small and medium-sized businesses. It operates through Property and Casualty Insurance, and Reinsurance segments. The Property and Casualty Insurance segment includes both commercial and personal lines of insurance with a focus on medium-sized commercial accounts.

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