BidaskClub upgraded shares of EMC Insurance Group (NASDAQ:EMCI) from a sell rating to a hold rating in a report published on Thursday, BidAskClub reports.
Separately, ValuEngine raised EMC Insurance Group from a hold rating to a buy rating in a research note on Monday, May 13th.
Shares of EMCI stock traded down $0.04 during trading hours on Thursday, reaching $35.90. The company had a trading volume of 11,935 shares, compared to its average volume of 13,789. The firm’s 50 day simple moving average is $35.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $778.76 million, a price-to-earnings ratio of 32.94 and a beta of 0.32. EMC Insurance Group has a 1-year low of $22.98 and a 1-year high of $36.31.
EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Thursday, May 9th. The insurance provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.41. The company had revenue of $181.60 million for the quarter. EMC Insurance Group had a return on equity of 6.00% and a net margin of 3.66%. On average, equities analysts predict that EMC Insurance Group will post 1.45 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in EMC Insurance Group by 2.2% during the 4th quarter. BlackRock Inc. now owns 720,897 shares of the insurance provider’s stock worth $22,960,000 after buying an additional 15,268 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in EMC Insurance Group by 8.0% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 217,054 shares of the insurance provider’s stock worth $6,920,000 after buying an additional 16,167 shares during the period. Kennedy Capital Management Inc. raised its stake in EMC Insurance Group by 32.0% during the 1st quarter. Kennedy Capital Management Inc. now owns 124,544 shares of the insurance provider’s stock worth $3,970,000 after buying an additional 30,228 shares during the period. Geode Capital Management LLC raised its stake in EMC Insurance Group by 41.7% during the 4th quarter. Geode Capital Management LLC now owns 120,228 shares of the insurance provider’s stock worth $3,829,000 after buying an additional 35,401 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in EMC Insurance Group during the 2nd quarter worth $3,759,000. 27.07% of the stock is currently owned by institutional investors.
EMC Insurance Group Company Profile
EMC Insurance Group Inc, an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. It operates through two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment underwrites commercial and personal lines of insurance products.
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