EMC Insurance Group (NASDAQ:EMCI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other brokerages have also commented on EMCI. Keefe, Bruyette & Woods restated a “market perform” rating and set a $30.00 price target on shares of EMC Insurance Group in a research note on Sunday, October 8th. ValuEngine lowered shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th.

EMC Insurance Group (NASDAQ EMCI) opened at $29.00 on Thursday. EMC Insurance Group has a 12 month low of $25.97 and a 12 month high of $32.19. The company has a market cap of $620.59, a price-to-earnings ratio of 21.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.08 and a current ratio of 0.08.

EMC Insurance Group (NASDAQ:EMCI) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.16). EMC Insurance Group had a return on equity of 4.99% and a net margin of 5.32%. The business had revenue of $166.51 million for the quarter. research analysts forecast that EMC Insurance Group will post 1.25 earnings per share for the current year.

In other news, VP Robert Lynn Link sold 3,938 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $29.29, for a total transaction of $115,344.02. Following the transaction, the vice president now owns 9,612 shares in the company, valued at approximately $281,535.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ronald Allan Paine sold 3,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.47, for a total transaction of $88,410.00. Following the transaction, the insider now owns 22,476 shares in the company, valued at approximately $662,367.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,824 shares of company stock worth $746,033. 4.46% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in EMC Insurance Group by 0.3% in the 2nd quarter. American Century Companies Inc. now owns 39,927 shares of the insurance provider’s stock valued at $1,109,000 after buying an additional 100 shares during the last quarter. Bessemer Group Inc. grew its stake in EMC Insurance Group by 0.7% in the 2nd quarter. Bessemer Group Inc. now owns 14,400 shares of the insurance provider’s stock valued at $400,000 after buying an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in EMC Insurance Group by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,603 shares of the insurance provider’s stock valued at $795,000 after buying an additional 133 shares during the last quarter. ZPR Investment Management grew its stake in EMC Insurance Group by 2.8% in the 2nd quarter. ZPR Investment Management now owns 7,371 shares of the insurance provider’s stock valued at $205,000 after buying an additional 202 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in EMC Insurance Group by 5.8% in the 1st quarter. Alliancebernstein L.P. now owns 7,300 shares of the insurance provider’s stock valued at $205,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 27.99% of the company’s stock.

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About EMC Insurance Group

EMC Insurance Group Inc is an insurance holding company. The Company operates through two segments: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance operations through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance operations through its subsidiary, EMC Reinsurance Company.

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