Revenue Update on EMC Insurance Group(NASDAQ:EMCI)

EMC Insurance Group(NASDAQ:EMCI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $158.70M. Analysts estimated a revenue of $157.90M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.21.

EMC Insurance Group (EMCI) shares turned negative on Wednesdays trading session with the shares closing down -0.17 points or -0.61% at a volume of 18,087. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.87. The peak price level was also seen at $27.87 while the days lowest was $27.42. Finally the shares closed at $27.63. The 52-week high of the shares is $29.01 while the 52-week low is $20.23. According to the latest information available, the market cap of the company is $582 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Elizabeth A Nigut (Senior Vice President) sold 1,355 shares at $26.77 per share price.Also, 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.

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