Media stories about EMC Insurance Group (NASDAQ:EMCI) have trended positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. EMC Insurance Group earned a coverage optimism score of 0.46 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.963427296381 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, BidaskClub downgraded shares of EMC Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
EMC Insurance Group (NASDAQ:EMCI) traded up 0.22% on Friday, hitting $27.65. 11,804 shares of the stock were exchanged. EMC Insurance Group has a 1-year low of $23.44 and a 1-year high of $31.47. The stock has a market cap of $587.81 million, a PE ratio of 15.22 and a beta of 0.93. The company’s 50 day moving average is $27.74 and its 200 day moving average is $27.88.
EMC Insurance Group (NASDAQ:EMCI) last announced its quarterly earnings results on Friday, May 5th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.22. The business had revenue of $155.08 million during the quarter. EMC Insurance Group had a net margin of 5.98% and a return on equity of 6.00%. On average, equities research analysts expect that EMC Insurance Group will post $1.42 earnings per share for the current year.
In other news, insider Ronald Allan Paine sold 2,250 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $28.60, for a total value of $64,350.00. Following the sale, the insider now owns 24,823 shares in the company, valued at approximately $709,937.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark E. Reese sold 2,233 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.66, for a total transaction of $63,997.78. Following the completion of the sale, the insider now owns 13,983 shares in the company, valued at approximately $400,752.78. The disclosure for this sale can be found here. Insiders own 4.46% 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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