EMC Insurance Group Inc., an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States.
No risks detected for EMCI from our risk checks.
Established dividend payer with proven track record.
Share Price & News
How has EMC Insurance Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EMCI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EMCI exceeded the US Insurance industry which returned 20.4% over the past year.
Return vs Market: EMCI exceeded the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is EMC Insurance Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StInterested In EMC Insurance Group Inc (NASDAQ:EMCI)? Here's What Its Recent Performance Looks Like
1 year ago | Simply Wall StDividend Hunters Should Consider EMC Insurance Group Inc (NASDAQ:EMCI), With A 3.7% Yield
1 year ago | Simply Wall StDo Institutions Own Shares In EMC Insurance Group Inc (NASDAQ:EMCI)?
Is EMC Insurance Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EMCI ($36.01) is trading above our estimate of fair value ($18.83)
Significantly Below Fair Value: EMCI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EMCI is poor value based on its PE Ratio (24x) compared to the Insurance industry average (16.4x).
PE vs Market: EMCI is poor value based on its PE Ratio (24x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: EMCI is poor value based on its PEG Ratio (62.2x)
Price to Book Ratio
PB vs Industry: EMCI is overvalued based on its PB Ratio (1.2x) compared to the US Insurance industry average (1.2x).
How is EMC Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMCI's forecast earnings growth (0.4% per year) is below the savings rate (2.7%).
Earnings vs Market: EMCI's earnings (0.4% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: EMCI's earnings are forecast to grow, but not significantly.
Revenue vs Market: EMCI's revenue (3.5% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: EMCI's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EMCI's Return on Equity is forecast to be low in 3 years time (5.9%).
How has EMC Insurance Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMCI has high quality earnings.
Growing Profit Margin: EMCI's current net profit margins (4.5%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: EMCI's earnings have declined by -10% per year over the past 5 years.
Accelerating Growth: EMCI's earnings growth over the past year (48.3%) exceeds its 5-year average (-10% per year).
Earnings vs Industry: EMCI earnings growth over the past year (48.3%) exceeded the Insurance industry -11.3%.
Return on Equity
High ROE: EMCI's Return on Equity (5.1%) is considered low.
How is EMC Insurance Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: EMCI has a low level of unsold assets or inventory.
Debt Coverage by Assets: EMCI's debt is covered by short term assets (assets are 4.5x debt).
Financial Institutions Analysis
Asset Level: EMCI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if EMCI has a sufficient allowance for bad loans.
Low Risk Liabilities: EMCI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if EMCI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EMCI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if EMCI has an appropriate level of bad loans.
What is EMC Insurance Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EMCI's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: EMCI's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: EMCI's dividends per share have been stable in the past 10 years.
Growing Dividend: EMCI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.7%), EMCI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EMCI's dividends in 3 years are forecast to be covered by earnings (57.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruce Kelley (65yo)
Mr. Bruce G. Kelley, J.D., CPCU, CLU, has been the President and Chief Executive Officer of EMC Insurance Group Inc. and Employers Mutual Casualty Company since 1992. Mr. Kelley has been Treasurer of EMC I ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD2.20M) is about average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||22.67yrs||US$668.20k||0.099% $773.8k|
|Executive Vice President of Operations||1.67yrs||US$1.30m||0.041% $320.1k|
|Executive Vice President of Finance & Strategy||10.67yrs||US$1.19m||0.095% $742.8k|
|Senior VP & Chief Field Officer||4.67yrs||US$1.08m||0.025% $195.6k|
|Senior VP & Chief Investment Officer||5.67yrs||no data||0.023% $182.8k|
|Senior VP & Chief Information Officer||0.92yr||no data||no data|
|Senior VP||1.67yrs||no data||0.045% $352.5k|
|Assistant VP & Director of Investor Relations||7.67yrs||no data||no data|
|Senior VP||3.67yrs||no data||0.0040% $31.3k|
Experienced Management: EMCI's management team is seasoned and experienced (5.2 years average tenure).
|Chairman of the Board||6.33yrs||US$179.53k||0.070% $547.4k|
Experienced Board: EMCI's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
EMC Insurance Group Inc.'s company bio, employee growth, exchange listings and data sources
- Name: EMC Insurance Group Inc.
- Ticker: EMCI
- Exchange: NasdaqGS
- Founded: 1974
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$780.481m
- Shares outstanding: 21.67m
- Website: https://investors.emcins.com
- EMC Insurance Group Inc.
- 717 Mulberry Street
- Des Moines
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EMCI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Feb 1982|
EMC Insurance Group Inc., an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. It operates through two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment underwrites commercial and personal lines of insurance products. Its commercial lines of insurance products comprise automobile, property, workers’ compensation, and liability, as well as other policies that provide protection with respect to burglary and theft loss, aircraft, marine, and other types of losses; and personal lines of insurance products include automobile, homeowners, and umbrella policies. The Reinsurance segment provides reinsurance for other insurers and reinsurers. EMC Insurance Group Inc. offers its products to small and medium-sized businesses, institutions, and individuals through independent insurance agents. The company was founded in 1974 and is based in Des Moines, Iowa. EMC Insurance Group Inc. is a subsidiary of Employers Mutual Casualty Company.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/09/20 00:12|
|End of Day Share Price||2019/09/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.