Separately, ValuEngine downgraded EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
Shares of EMCI stock traded down $0.05 on Tuesday, reaching $35.96. 8,982 shares of the company’s stock were exchanged, compared to its average volume of 22,121. EMC Insurance Group has a 52 week low of $22.98 and a 52 week high of $36.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $780.06 million, a PE ratio of 32.99 and a beta of 0.31. The company’s fifty day simple moving average is $36.01 and its 200 day simple moving average is $34.51.
EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.19. The firm had revenue of $182.64 million during the quarter. EMC Insurance Group had a return on equity of 5.56% and a net margin of 4.47%. As a group, sell-side analysts predict that EMC Insurance Group will post 1.45 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Aperio Group LLC acquired a new stake in shares of EMC Insurance Group in the 2nd quarter worth $37,000. Bank of Montreal Can increased its stake in shares of EMC Insurance Group by 734.1% in the 2nd quarter. Bank of Montreal Can now owns 1,151 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 1,013 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of EMC Insurance Group in the 2nd quarter valued at about $49,000. BNP Paribas Arbitrage SA increased its stake in shares of EMC Insurance Group by 444.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,934 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 1,579 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of EMC Insurance Group by 31.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,142 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 745 shares in the last quarter. Institutional investors and hedge funds own 26.80% of the company’s stock.
About EMC Insurance Group
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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