EMC Insurance Group (NASDAQ:EMCI) Share Price May Be About to Change Direction; Sandler O’Neill Downgrades Them


EMC Insurance Group (NASDAQ:EMCI) Receives a Downgrade

Sandler O’Neill cut their rating for shares of EMC Insurance Group (NASDAQ:EMCI) from Buy to Hold in recent note that was issued to investors and clients on 18 December.

From a total of 2 analysts covering EMC Insurance Group (NASDAQ:EMCI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. EMC Insurance Group was the topic of 2 analyst reports since September 9, 2015 according to the firm StockzIntelligence Inc. Keefe Bruyette & Woods initiated shares on October 20 with “Market Perform” rating.

The stock decreased 3.76% or $0.95 during the last trading session, striking $24.33. Approximately 165,683 shares of stock traded hands or 606.60% up from the average. EMC Insurance Group Inc. (NASDAQ:EMCI) has risen 10.01% since May 15, 2015 and is uptrending. It has outperformed by 13.82% the S&P500.

The overall sentiment of institutions has increased to 1.58 in Q2 2015. Its up 0.36, from 1.22 in 2015Q2. The ratio increased, as 4 institutions have sold all the shares of EMC Insurance Group Inc. that they owned while 20 funds have taken shares off the table. 13 funds have purchased shares for the first time while 25 added to their positions. These institutions now hold 10.70 million shares or 15.32% less than the 12.63 million shares they owned in 2015Q2.

The Fund Capital Returns Management Llc currently is holding shares equating to 2.35% of its total portfolio in EMC Insurance Group Inc. representing a total of 240,265 shares. Another fund,Novare Capital Management Llc, is holding a total of 217,752 shares equating to 1.45% of their holdings. Additionally, Grace & White Inc Ny has a 194,296 share stake in EMC Insurance Group Inc. which represents 1.04% of their total portfolio. The Fund, Perritt Capital Management Inc, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.94% of their total portfolio. Finally Menta Capital Llc, a fund which is based in the state of California reported a total holdings of 51,959 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 18, 2015, shareholders of EMC Insurance Group Inc. have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $4,725 . Nigut Elizabeth A sold 205 shares worth approximately $4,725. Reese Mark E sold 411 shares worth approximately $14,385.

EMC Insurance Group Inc. is an insurance holding company. The company has a market cap of $524.47 million. The Company, through its subsidiaries, conducts activities in property and casualty insurance and reinsurance. It has 8.83 P/E ratio. The Firm focuses on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses.

According to Zacks Investment Research, “EMC Insurance Group Inc. is an insurance holding company. EMC Insurance Group Inc. is owned by Employers Mutual Casualty Company, a multiple-line property and casualty insurance company and conducts its insurance business through two business segments as follows, Property and Casualty Insurance and Reinsurance.”