EMC Insurance Group (EMCI) Sets New 1-Year Low at $23.95

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EMC Insurance Group Inc. (NASDAQ:EMCI) shares hit a new 52-week low on Thursday . The company traded as low as $23.95 and last traded at $23.97, with a volume of 10877 shares trading hands. The stock had previously closed at $24.69.

A number of research analysts have weighed in on the company. BidaskClub lowered EMC Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, September 17th. TheStreet lowered EMC Insurance Group from a “b-” rating to a “c+” rating in a report on Monday, August 13th. Finally, Sandler O’Neill reiterated a “buy” rating and set a $33.00 price target on shares of EMC Insurance Group in a report on Friday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.50.

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $532.84 million, a P/E ratio of 19.68 and a beta of 0.74.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Tuesday, August 7th. The insurance provider reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). EMC Insurance Group had a return on equity of 3.30% and a net margin of 3.23%. The business had revenue of $172.50 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of EMC Insurance Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,802,672 shares of the insurance provider’s stock worth $48,816,000 after acquiring an additional 6,303 shares during the period. BlackRock Inc. raised its holdings in shares of EMC Insurance Group by 4.8% during the 2nd quarter. BlackRock Inc. now owns 702,928 shares of the insurance provider’s stock worth $19,527,000 after acquiring an additional 32,074 shares during the period. Northern Trust Corp raised its holdings in shares of EMC Insurance Group by 0.7% during the 2nd quarter. Northern Trust Corp now owns 405,260 shares of the insurance provider’s stock worth $11,258,000 after acquiring an additional 2,633 shares during the period. Renaissance Technologies LLC raised its holdings in shares of EMC Insurance Group by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 308,250 shares of the insurance provider’s stock worth $8,563,000 after acquiring an additional 6,200 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. raised its holdings in shares of EMC Insurance Group by 54.9% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 201,996 shares of the insurance provider’s stock worth $5,611,000 after acquiring an additional 71,565 shares during the period. Institutional investors and hedge funds own 28.24% of the company’s stock.

EMC Insurance Group Company Profile (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.

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