EMC Insurance Group Inc. (NASDAQ:EMCI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $28.50 and last traded at $28.40, with a volume of 12,403 shares traded. The stock had previously closed at $27.75.

Separately, Sandler O’Neill downgraded shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.

The firm’s 50-day moving average price is $26.95 and its 200-day moving average price is $25.44. The company has a market cap of $595.00 million and a PE ratio of 13.21.

EMC Insurance Group (NASDAQ:EMCI) last posted its earnings results on Friday, May 6th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The company earned $119.35 million during the quarter, compared to analysts’ expectations of $158.92 million. On average, equities analysts anticipate that EMC Insurance Group Inc. will post $1.84 EPS for the current year.

In related news, SVP Elizabeth A. Nigut sold 1,355 shares of EMC Insurance Group stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $26.77, for a total transaction of $36,273.35. Following the completion of the transaction, the senior vice president now directly owns 7,716 shares of the company’s stock, valued at approximately $206,557.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ronald Allan Paine sold 1,007 shares of EMC Insurance Group stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $27.23, for a total transaction of $27,420.61. Following the transaction, the senior vice president now directly owns 22,330 shares of the company’s stock, valued at $608,045.90. The disclosure for this sale can be found here.

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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