EMC Insurance Group (EMCI) Earning Positive Press Coverage, Report Finds

Media headlines about EMC Insurance Group (NASDAQ:EMCI) have trended positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. 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 media sentiment score of 0.46 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 42.3756514915904 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several equities analysts have recently issued reports on EMCI shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price objective on shares of EMC Insurance Group in a report on Friday, November 10th. BidaskClub cut EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, ValuEngine cut EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th.

EMC Insurance Group (NASDAQ EMCI) opened at $29.10 on Thursday. The firm has a market capitalization of $622.73, a PE ratio of 17.96 and a beta of 0.99. EMC Insurance Group has a fifty-two week low of $25.97 and a fifty-two week high of $32.19. 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 (NASDAQ:EMCI) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). The business had revenue of $166.51 million during the quarter. EMC Insurance Group had a return on equity of 4.99% and a net margin of 5.32%. analysts forecast that EMC Insurance Group will post 1.25 earnings per share for the current fiscal year.

In related news, VP Robert Lynn Link sold 3,938 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $29.29, for a total value of $115,344.02. Following the completion of the transaction, the vice president now owns 9,612 shares of the company’s stock, valued at approximately $281,535.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Anne Simonetta sold 1,302 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.30, for a total value of $39,450.60. Following the completion of the transaction, the insider now directly owns 11,386 shares of the company’s stock, valued at approximately $344,995.80. The disclosure for this sale can be found here. Insiders sold a total of 24,824 shares of company stock valued at $746,033 in the last ninety days. 4.46% of the stock is currently owned by insiders.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/12/28/emc-insurance-group-emci-earning-positive-press-coverage-report-finds.html.

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.

Insider Buying and Selling by Quarter 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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit