EMC Insurance Group (NASDAQ:EMCI) posted its quarterly earnings results on Thursday. The insurance provider reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.03), Bloomberg Earnings reports. EMC Insurance Group had a return on equity of 4.99% and a net margin of 5.32%.

EMC Insurance Group (EMCI) traded up $0.65 during trading on Thursday, hitting $27.71. The stock had a trading volume of 12,638 shares, compared to its average volume of 13,883. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.04. EMC Insurance Group has a 52-week low of $25.97 and a 52-week high of $32.19. The company has a market capitalization of $577.79, a price-to-earnings ratio of 17.10 and a beta of 0.93.

In related news, insider Lisa Anne Simonetta sold 1,302 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.30, for a total value of $39,450.60. Following the sale, the insider now owns 11,386 shares in the company, valued at $344,995.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ronald Allan Paine sold 3,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.47, for a total value of $88,410.00. Following the completion of the sale, the insider now owns 22,476 shares in the company, valued at approximately $662,367.72. The disclosure for this sale can be found here. Insiders sold 24,824 shares of company stock worth $746,033 in the last quarter. 4.46% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of EMCI. SG Americas Securities LLC purchased a new stake in shares of EMC Insurance Group in the third quarter worth $102,000. First Trust Advisors LP purchased a new stake in shares of EMC Insurance Group in the fourth quarter worth $225,000. The Manufacturers Life Insurance Company raised its position in shares of EMC Insurance Group by 17.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,708 shares of the insurance provider’s stock worth $242,000 after buying an additional 1,280 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of EMC Insurance Group by 24.7% in the second quarter. Alliancebernstein L.P. now owns 9,100 shares of the insurance provider’s stock worth $253,000 after buying an additional 1,800 shares in the last quarter. Finally, Unison Advisors LLC purchased a new stake in shares of EMC Insurance Group in the fourth quarter worth $275,000. Institutional investors own 28.13% of the company’s stock.

A number of research firms have recently commented on EMCI. BidaskClub lowered EMC Insurance Group from a “buy” rating to a “hold” rating in a report 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 report on Friday, November 10th. Finally, ValuEngine lowered EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th.

COPYRIGHT VIOLATION WARNING: “EMC Insurance Group (EMCI) Posts Earnings Results, Misses Estimates By $0.03 EPS” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/02/08/emc-insurance-group-emci-posts-earnings-results-misses-estimates-by-0-03-eps.html.

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.

Earnings History for EMC Insurance Group (NASDAQ:EMCI)

Receive News & Ratings for EMC Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMC Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.