EMC Insurance Group (EMCI) Receives News Sentiment Rating of 0.42

News articles about EMC Insurance Group (NASDAQ:EMCI) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EMC Insurance Group earned a news sentiment score of 0.42 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 44.2541768095191 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several equities analysts have commented on EMCI shares. ValuEngine lowered shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price target on shares of EMC Insurance Group in a research note on Friday, November 10th. Finally, BidaskClub upgraded shares of EMC Insurance Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.

Shares of EMC Insurance Group (NASDAQ:EMCI) traded down $0.27 during trading on Friday, reaching $30.75. 11,652 shares of the company’s stock traded hands, compared to its average volume of 19,486. The stock has a market capitalization of $658.05, a price-to-earnings ratio of 21.81 and a beta of 0.99. EMC Insurance Group has a one year low of $25.97 and a one year high of $32.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.08 and a quick ratio of 0.08.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.16). The firm had revenue of $166.51 million during the quarter. EMC Insurance Group had a net margin of 5.32% and a return on equity of 4.99%. sell-side analysts predict that EMC Insurance Group will post 1.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 20th were issued a $0.22 dividend. This is an increase from EMC Insurance Group’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, November 17th. EMC Insurance Group’s dividend payout ratio is presently 54.32%.

In other news, CEO Bruce G. Kelley sold 13,503 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $30.31, for a total value of $409,275.93. Following the completion of the sale, the chief executive officer now directly owns 264,003 shares of the company’s stock, valued at $8,001,930.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark E. Reese sold 2,341 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $30.10, for a total value of $70,464.10. Following the completion of the sale, the chief financial officer now directly owns 15,242 shares of the company’s stock, valued at $458,784.20. The disclosure for this sale can be found here. Insiders sold 24,419 shares of company stock valued at $731,070 over the last three months. Corporate 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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