Dalton Greiner Hartman Maher & Co. lifted its holdings in EMC Insurance Group Inc. (NASDAQ:EMCI) by 65.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,550 shares of the insurance provider’s stock after buying an additional 56,172 shares during the quarter. Dalton Greiner Hartman Maher & Co. owned approximately 0.66% of EMC Insurance Group worth $4,061,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in EMC Insurance Group by 5.1% in the 2nd quarter. Northern Trust Corp now owns 408,082 shares of the insurance provider’s stock worth $11,336,000 after purchasing an additional 19,830 shares in the last quarter. Kennedy Capital Management Inc. lifted its stake in EMC Insurance Group by 14.1% during the 2nd quarter. Kennedy Capital Management Inc. now owns 154,592 shares of the insurance provider’s stock valued at $4,295,000 after acquiring an additional 19,110 shares during the period. State Street Corp lifted its stake in EMC Insurance Group by 11.3% during the 2nd quarter. State Street Corp now owns 150,958 shares of the insurance provider’s stock valued at $4,193,000 after acquiring an additional 15,367 shares during the period. Dimensional Fund Advisors LP lifted its stake in EMC Insurance Group by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,785,827 shares of the insurance provider’s stock valued at $49,610,000 after acquiring an additional 11,059 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in EMC Insurance Group by 3.4% during the 2nd quarter. Wells Fargo & Company MN now owns 186,732 shares of the insurance provider’s stock valued at $5,187,000 after acquiring an additional 6,161 shares during the period. 27.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EMC Insurance Group Inc. (EMCI) opened at $28.01 on Friday. The stock has a market capitalization of $604.54, a price-to-earnings ratio of 17.29 and a beta of 1.00. EMC Insurance Group Inc. has a 52-week low of $25.97 and a 52-week high of $32.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.08 and a quick ratio of 0.08.
EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). EMC Insurance Group had a return on equity of 4.99% and a net margin of 5.32%. The company had revenue of $166.51 million during the quarter. analysts anticipate that EMC Insurance Group Inc. will post 1.25 EPS for the current year.
In other news, insider Lisa Anne Simonetta sold 1,302 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.30, for a total transaction of $39,450.60. Following the transaction, the insider now owns 11,386 shares in the company, valued at $344,995.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark E. Reese sold 2,341 shares of EMC Insurance Group stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $30.10, for a total value of $70,464.10. Following the completion of the transaction, the chief financial officer now owns 15,242 shares in the company, valued at approximately $458,784.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,824 shares of company stock valued at $746,033. Corporate insiders own 4.46% of the company’s stock.
Several equities analysts have recently weighed in on EMCI shares. BidaskClub cut shares of EMC Insurance Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine lowered shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 price objective on shares of EMC Insurance Group in a report on Friday, November 10th.
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EMC Insurance Group Company Profile
EMC Insurance Group Inc is an insurance holding company. The Company operates through two segments: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance operations through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance operations through its subsidiary, EMC Reinsurance Company.
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