EMC Insurance Group (EMCI) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Jun 22, 2016.
EMC Insurance Group closed down -0.3 points or -1.08% at $27.4 with 23,124 shares getting traded on Tuesday. Post opening the session at $27.68, the shares hit an intraday low of $27.37 and an intraday high of $27.815 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 15, 2016, Elizabeth A Nigut (Senior Vice President) sold 1,355 shares at $26.77 per share price. According to the SEC, on Jun 9, 2016, Lisa Anne Simonetta (Senior Vice President) sold 1,242 shares at $26.49 per share price. On Jun 6, 2016, Mark E Reese (Senior Vice President & CFO) sold 339 shares at $26.90 per share price, according to the Form-4 filing with the securities and exchange commission.
EMC Insurance Group Inc. (EMC Insurance Group) is an insurance holding company. The Company through its subsidiaries conducts operations in property and casualty insurance and reinsurance. The Company focuses on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses. The Company markets its insurance products in 41 states in the United States. The majority of its business is marketed and generated in the Midwest. The Company conducts its business in two segments: Property and Casualty Insurance and Reinsurance segment. EMC Insurance Group is approximately 58% owned by Employers Mutual Casualty Company (Employers Mutual) a multiple-line property and casualty insurance company.