EMC Insurance Group (EMCI) Hits New 52-Week High at $36.15

EMC Insurance Group Inc. (NASDAQ:EMCI) reached a new 52-week high on Tuesday . The company traded as high as $36.15 and last traded at $36.10, with a volume of 6111 shares changing hands. The stock had previously closed at $36.02.

A number of research analysts have commented on EMCI shares. BidaskClub raised EMC Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 7th. ValuEngine raised EMC Insurance Group from a “hold” rating to a “buy” rating in a research report on Monday.

The stock has a market cap of $780.49 million, a P/E ratio of 33.19 and a beta of 0.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.09 and a quick ratio of 0.09.



EMC Insurance Group (NASDAQ:EMCI) last released its quarterly earnings results on Thursday, May 9th. The insurance provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.41. The business had revenue of $181.60 million during the quarter. EMC Insurance Group had a return on equity of 6.00% and a net margin of 3.66%. Equities analysts predict that EMC Insurance Group Inc. will post 1.45 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMCI. Doyle Wealth Management bought a new position in EMC Insurance Group during the 4th quarter valued at approximately $43,000. JNBA Financial Advisors bought a new position in EMC Insurance Group during the 4th quarter valued at approximately $48,000. Acadian Asset Management LLC bought a new position in EMC Insurance Group during the 4th quarter valued at approximately $50,000. BNP Paribas Arbitrage SA raised its position in EMC Insurance Group by 444.8% during 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 during the last quarter. Finally, Legal & General Group Plc raised its position in EMC Insurance Group by 39.4% during the 4th quarter. Legal & General Group Plc now owns 2,058 shares of the insurance provider’s stock valued at $66,000 after purchasing an additional 582 shares during the last quarter. 27.35% of the stock is owned by institutional investors and hedge funds.

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About EMC Insurance Group (NASDAQ:EMCI)

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.

See Also: Net Income

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