News headlines about EMC Insurance Group (NASDAQ:EMCI) have trended positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EMC Insurance Group earned a coverage optimism score of 0.43 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 44.1896364995868 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of EMC Insurance Group (NASDAQ:EMCI) traded down $0.26 during mid-day trading on Friday, reaching $28.22. The company had a trading volume of 6,180 shares, compared to its average volume of 16,526. EMC Insurance Group has a 12 month low of $25.97 and a 12 month high of $32.19. The stock has a market capitalization of $603.91, a price-to-earnings ratio of 17.42 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.08 and a quick 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 analysts’ consensus estimates 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 during the quarter. research analysts predict that EMC Insurance Group will post 1.25 EPS for the current year.
A number of analysts recently commented on EMCI shares. BidaskClub lowered EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price target on shares of EMC Insurance Group in a research note on Friday, November 10th. Finally, ValuEngine lowered EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th.
In other EMC Insurance Group news, CEO Bruce G. Kelley sold 13,503 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $30.31, for a total transaction of $409,275.93. Following the completion of the transaction, the chief executive officer now owns 264,003 shares of the company’s stock, valued at $8,001,930.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lisa Anne Simonetta sold 1,302 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.30, for a total value of $39,450.60. Following the transaction, the insider now directly owns 11,386 shares of the company’s stock, valued at approximately $344,995.80. The disclosure for this sale can be found here. Insiders sold 24,824 shares of company stock valued at $746,033 in the last ninety days. 4.46% of the stock is currently owned by insiders.
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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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