KBW Remains a Hold on Emc Insurance Group


In a report issued on July 15, Christopher Campbell from KBW reiterated a Hold rating on Emc Insurance Group (NASDAQ: EMCI), with a price target of $30. The company’s shares opened today at $28.27.

According to TipRanks.com, Campbell is a 2-star analyst with an average return of 3.4% and a 54.5% success rate. Campbell covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, GooseHead Insurance Inc, and The Navigators Group.

Emc Insurance Group has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.

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Based on Emc Insurance Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $76K. In comparison, last year the company had a net profit of $5.5 million.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.

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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.

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