EMC Insurance Group (NASDAQ:EMCI) posted its quarterly earnings data on Thursday. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03), Bloomberg Earnings reports. EMC Insurance Group had a return on equity of 4.54% and a net margin of 6.02%. The business had revenue of $169.93 million for the quarter.
Shares of EMC Insurance Group (NASDAQ EMCI) opened at $27.09 on Friday. EMC Insurance Group has a fifty-two week low of $25.97 and a fifty-two week high of $32.19. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $566.74, a price-to-earnings ratio of 14.72 and a beta of 0.93.
Several research firms have recently issued reports on EMCI. BidaskClub cut EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price objective on shares of EMC Insurance Group in a report on Friday, November 10th. Finally, ValuEngine cut EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in EMC Insurance Group by 0.7% in the fourth quarter. BlackRock Inc. now owns 654,685 shares of the insurance provider’s stock valued at $18,783,000 after acquiring an additional 4,504 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in EMC Insurance Group by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 218,430 shares of the insurance provider’s stock valued at $6,268,000 after acquiring an additional 28,403 shares during the last quarter. First Trust Advisors LP acquired a new position in EMC Insurance Group in the fourth quarter valued at $225,000. Unison Advisors LLC acquired a new position in EMC Insurance Group in the fourth quarter valued at $275,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in EMC Insurance Group by 31.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 39,330 shares of the insurance provider’s stock valued at $1,129,000 after acquiring an additional 9,509 shares during the last quarter. Hedge funds and other 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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