EMC Insurance Group Inc. (NASDAQ:EMCI) issued its quarterly earnings data on Tuesday. The insurance provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.12, Bloomberg Earnings reports. EMC Insurance Group had a net margin of 5.98% and a return on equity of 6.00%.

EMC Insurance Group (NASDAQ:EMCI) traded down 0.90% on Wednesday, reaching $27.50. 2,633 shares of the company’s stock traded hands. The stock has a market cap of $584.62 million, a price-to-earnings ratio of 15.13 and a beta of 0.93. The stock has a 50 day moving average price of $27.72 and a 200 day moving average price of $27.88. EMC Insurance Group has a 12-month low of $23.45 and a 12-month high of $31.47.

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.

In other news, insider Mark E. Reese sold 2,233 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.66, for a total value of $63,997.78. Following the sale, the insider now directly owns 13,983 shares of the company’s stock, valued at approximately $400,752.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronald Allan Paine sold 2,250 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $28.60, for a total transaction of $64,350.00. Following the completion of the sale, the insider now directly owns 24,823 shares in the company, valued at $709,937.80. The disclosure for this sale can be found here. 4.46% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its position in EMC Insurance Group by 0.7% in the second quarter. Bessemer Group Inc. now owns 14,400 shares of the insurance provider’s stock valued at $400,000 after buying an additional 100 shares in the last quarter. American Century Companies Inc. boosted its position in EMC Insurance Group by 0.3% in the second quarter. American Century Companies Inc. now owns 39,927 shares of the insurance provider’s stock valued at $1,109,000 after buying an additional 100 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in EMC Insurance Group by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 28,603 shares of the insurance provider’s stock valued at $795,000 after buying an additional 133 shares in the last quarter. American International Group Inc. boosted its position in EMC Insurance Group by 7.3% in the first quarter. American International Group Inc. now owns 5,150 shares of the insurance provider’s stock valued at $145,000 after buying an additional 351 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in EMC Insurance Group by 5.8% in the first quarter. Alliancebernstein L.P. now owns 7,300 shares of the insurance provider’s stock valued at $205,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 28.30% 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.

Earnings History for EMC Insurance Group (NASDAQ:EMCI)

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