One company that should be on your radar is EMC Insurance Group Inc. (EMCI). The stock of this property and casualty insurance company has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For EMCI’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to none lower. This trend has helped the consensus estimate to trend higher, going from $2.45 a share a month ago to its current level at $3 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, EMCI has seen some pretty solid trading lately, as the company has moved higher by 22.4% in the past month.
If EMC Insurance can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put EMCI on your watch list for the future.
Other top-ranked stocks worth considering in this space include American Financial Group Inc. (AFG), AmTrust Financial Services, Inc. (AFSI) and Fidelity National Financial, Inc. (FNF). While American Financial and AmTrust carry a Zacks Rank #1 (Strong Buy), Fidelity holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
EMC INSURANCE GROUP INC (EMCI): Free Stock Analysis Report
(AFG): Free Stock Analysis Report
AMTRUST FINANCIAL SERVICES INC (AFSI): Free Stock Analysis Report
FIDELITY NATIONAL FINANCIAL (FNF): Free Stock Analysis Report
Zacks Investment Research