EMC Insurance Group (EMCI) Given a $28.00 Price Target at Keefe, Bruyette & Woods

EMC Insurance Group (NASDAQ:EMCI) has been assigned a $28.00 price objective by equities researchers at Keefe, Bruyette & Woods in a research note issued on Monday. The firm presently has a “hold” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 4.75% from the company’s current price.

Other research analysts have also recently issued research reports about the company. ValuEngine cut EMC Insurance Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Sandler O’Neill restated a “hold” rating and issued a $28.00 price target on shares of EMC Insurance Group in a research report on Friday, April 6th. Finally, BidaskClub cut EMC Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th.

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Shares of NASDAQ EMCI opened at $26.73 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.04. EMC Insurance Group has a 52 week low of $25.70 and a 52 week high of $32.19. The firm has a market capitalization of $572.44, a P/E ratio of 21.91 and a beta of 0.92.

EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.03). EMC Insurance Group had a return on equity of 4.48% and a net margin of 6.02%. The company had revenue of $169.93 million during the quarter. equities analysts anticipate that EMC Insurance Group will post 1.5 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in EMC Insurance Group by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 218,430 shares of the insurance provider’s stock valued at $6,268,000 after buying an additional 28,403 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in EMC Insurance Group in the fourth quarter valued at about $464,000. Dalton Greiner Hartman Maher & Co. boosted its stake in EMC Insurance Group by 65.8% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 141,550 shares of the insurance provider’s stock valued at $4,061,000 after buying an additional 56,172 shares in the last quarter. Martingale Asset Management L P boosted its stake in EMC Insurance Group by 8.3% in the fourth quarter. Martingale Asset Management L P now owns 40,654 shares of the insurance provider’s stock valued at $1,167,000 after buying an additional 3,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in EMC Insurance Group by 31.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 39,330 shares of the insurance provider’s stock valued at $1,129,000 after buying an additional 9,509 shares in the last quarter. 28.27% of the stock is currently owned by institutional investors and hedge funds.

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EMC Insurance Group Company Profile

EMC Insurance Group, Inc is an insurance holding company, which engages in the operation and sale of commercial lines of property and casualty insurance to small and medium-sized businesses. It operates through Property and Casualty Insurance, and Reinsurance segments. The Property and Casualty Insurance segment includes both commercial and personal lines of insurance with a focus on medium-sized commercial accounts.

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