EMC Insurance Group (NASDAQ:EMCI) Downgraded by BidaskClub to Sell

EMC Insurance Group (NASDAQ:EMCI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday, BidAskClub reports.

Separately, ValuEngine upgraded shares of EMC Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

Shares of NASDAQ:EMCI opened at $35.96 on Friday. EMC Insurance Group has a 12 month low of $22.98 and a 12 month high of $36.24. 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 firm has a market cap of $779.18 million, a P/E ratio of 32.99 and a beta of 0.36.



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

Hedge funds have recently modified their holdings of the business. Prudential Financial Inc. increased its stake in EMC Insurance Group by 1.4% in the 4th quarter. Prudential Financial Inc. now owns 52,158 shares of the insurance provider’s stock valued at $1,661,000 after buying an additional 741 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in EMC Insurance Group by 8.0% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 217,054 shares of the insurance provider’s stock valued at $6,920,000 after buying an additional 16,167 shares during the last quarter. Bank of New York Mellon Corp increased its stake in EMC Insurance Group by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 90,927 shares of the insurance provider’s stock valued at $2,248,000 after buying an additional 2,330 shares during the last quarter. Doyle Wealth Management acquired a new stake in EMC Insurance Group in the 4th quarter valued at $43,000. Finally, Millennium Management LLC increased its stake in EMC Insurance Group by 204.7% in the 4th quarter. Millennium Management LLC now owns 47,052 shares of the insurance provider’s stock valued at $1,499,000 after buying an additional 31,608 shares during the last quarter. Hedge funds and other institutional investors own 27.51% of the company’s stock.

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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