Keefe, Bruyette & Woods reissued their neutral rating on shares of EMC Insurance Group (NASDAQ:EMCI) in a research report released on Thursday morning.

Several other research firms have also weighed in on EMCI. BidaskClub lowered shares of EMC Insurance Group from a buy rating to a hold rating in a research report on Thursday, December 7th. ValuEngine lowered shares of EMC Insurance Group from a buy rating to a hold rating in a research report on Wednesday, November 15th.

EMC Insurance Group (NASDAQ:EMCI) opened at $27.09 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 debt-to-equity ratio of 0.04, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $579.73, a PE ratio of 14.72 and a beta of 0.93.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). EMC Insurance Group had a net margin of 6.02% and a return on equity of 4.54%. The business had revenue of $169.93 million for the quarter. sell-side analysts expect that EMC Insurance Group will post 1.5 earnings per share for the current year.

In other EMC Insurance Group news, insider Ronald Allan Paine sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $29.47, for a total value of $88,410.00. Following the completion of the transaction, the insider now directly owns 22,476 shares in the company, valued at $662,367.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert Lynn Link sold 3,938 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $29.29, for a total transaction of $115,344.02. Following the completion of the transaction, the vice president now owns 9,612 shares of the company’s stock, valued at $281,535.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,824 shares of company stock valued at $746,033. Corporate insiders own 4.46% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in EMCI. SG Americas Securities LLC acquired a new position in shares of EMC Insurance Group in the third quarter worth about $102,000. First Trust Advisors LP acquired a new position in shares of EMC Insurance Group in the fourth quarter worth about $225,000. The Manufacturers Life Insurance Company boosted its holdings in shares of EMC Insurance Group by 17.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,708 shares of the insurance provider’s stock worth $242,000 after buying an additional 1,280 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of EMC Insurance Group by 24.7% in the second quarter. Alliancebernstein L.P. now owns 9,100 shares of the insurance provider’s stock worth $253,000 after buying an additional 1,800 shares during the period. Finally, Unison Advisors LLC acquired a new position in shares of EMC Insurance Group in the fourth quarter worth about $275,000. Institutional investors own 28.13% of the company’s stock.

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EMC Insurance Group Company Profile

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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