Menta Capital LLC decreased its stake in EMC Insurance Group Inc. (NASDAQ:EMCI) by 26.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 29,117 shares of the insurance provider’s stock after selling 10,611 shares during the period. Menta Capital LLC’s holdings in EMC Insurance Group were worth $817,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American International Group Inc. boosted its stake in EMC Insurance Group by 7.3% in the first quarter. American International Group Inc. now owns 5,150 shares of the insurance provider’s stock valued at $145,000 after buying an additional 351 shares during the period. Alliancebernstein L.P. boosted its stake in EMC Insurance Group by 5.8% in the first quarter. Alliancebernstein L.P. now owns 7,300 shares of the insurance provider’s stock valued at $205,000 after buying an additional 400 shares during the period. PNC Financial Services Group Inc. boosted its stake in EMC Insurance Group by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,605 shares of the insurance provider’s stock valued at $241,000 after buying an additional 830 shares during the period. Bessemer Group Inc. boosted its stake in shares of EMC Insurance Group by 20.5% in the fourth quarter. Bessemer Group Inc. now owns 8,800 shares of the insurance provider’s stock worth $264,000 after buying an additional 1,500 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of EMC Insurance Group by 22.2% in the first quarter. Clear Harbor Asset Management LLC now owns 11,000 shares of the insurance provider’s stock worth $309,000 after buying an additional 2,000 shares during the last quarter. 28.25% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for EMC Insurance Group (NASDAQ:EMCI)

Shares of EMC Insurance Group Inc. (EMCI) traded up 1.06% during midday trading on Friday, hitting $27.59. The stock had a trading volume of 3,031 shares. EMC Insurance Group Inc. has a 12-month low of $23.44 and a 12-month high of $31.47. The stock has a 50-day moving average price of $27.24 and a 200-day moving average price of $28.33. The stock has a market cap of $586.54 million, a P/E ratio of 15.18 and a beta of 0.92.

EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings results on Friday, May 5th. The insurance provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.22. EMC Insurance Group had a return on equity of 6.00% and a net margin of 5.98%. The business had revenue of $155.08 million for the quarter. Equities analysts forecast that EMC Insurance Group Inc. will post $1.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, June 6th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.08%. EMC Insurance Group’s payout ratio is 46.15%.

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In other news, insider Mark E. Reese sold 2,233 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $28.66, for a total transaction of $63,997.78. Following the completion of the sale, the insider now directly owns 13,983 shares in the company, valued at approximately $400,752.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ronald Allan Paine sold 2,250 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $28.60, for a total value of $64,350.00. Following the sale, the insider now owns 24,823 shares of the company’s stock, valued at $709,937.80. The disclosure for this sale can be found here. Corporate insiders own 4.46% of the company’s stock.

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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