EMC Insurance Group (NASDAQ: EMCI) had its price target cut by Sandler O’Neill from $31.00 to $28.00 in a research note issued to investors on Thursday, ARN reports. The firm currently has a hold rating on the stock.
Sandler O’Neill has also updated their ratings on a number of other financials stocks in the last week. The firm lowered its price target on shares of XL Group PLC from $37.00 to $35.00. They have a buy rating on that stock. Also, Sandler O’Neill raised its price target on shares of Symetra Financial Corp. from $14.00 to $18.00. Finally, Sandler O’Neill raised its price target on shares of Prudential Financial Inc. from $75.00 to $78.00.
Several other analysts have also recently commented on the stock. Analysts at FBN Securities raised their price target on shares of EMC Insurance Group from $26.00 to $28.00 in a research note to investors on Wednesday, July 10th. They now have an outperform rating on the stock. Separately, analysts at Pacific Crest upgraded shares of EMC Insurance Group to an outperform rating in a research note to investors on Friday, June 14th. Finally, analysts at Deutsche Bank raised their price target on shares of EMC Insurance Group to $30.00 in a research note to investors on Friday, May 31st. They now have a buy rating on the stock.
Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. EMC Insurance Group has an average rating of Buy and a consensus target price of $30.23.
Shares of EMC Insurance Group (NASDAQ: EMCI) traded up 1.72% during mid-day trading on Thursday, hitting $29.01. EMC Insurance Group has a 52 week low of $19.05 and a 52 week high of $29.29. The stock’s 50-day moving average is currently $27.16. The company has a market cap of $377.4 million and a P/E ratio of 11.14.
EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.