Dalton Greiner Hartman Maher & Co. grew its stake in shares of EMC Insurance Group Inc. (NASDAQ:EMCI) by 65.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 141,550 shares of the insurance provider’s stock after buying an additional 56,172 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in EMC Insurance Group were worth $4,061,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of EMC Insurance Group by 1.8% during the 3rd quarter. Wells Fargo & Company MN now owns 190,027 shares of the insurance provider’s stock valued at $5,348,000 after purchasing an additional 3,295 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of EMC Insurance Group during the 3rd quarter valued at $102,000. Bank of New York Mellon Corp grew its holdings in shares of EMC Insurance Group by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 90,355 shares of the insurance provider’s stock valued at $2,543,000 after purchasing an additional 2,063 shares during the last quarter. ZPR Investment Management grew its holdings in shares of EMC Insurance Group by 2.8% during the 2nd quarter. ZPR Investment Management now owns 7,371 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 202 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of EMC Insurance Group by 17.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,708 shares of the insurance provider’s stock valued at $242,000 after purchasing an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 27.99% of the company’s stock.

Several equities analysts recently commented on the stock. BidaskClub lowered shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 target price on shares of EMC Insurance Group in a report on Friday, November 10th. Finally, ValuEngine lowered shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th.

Shares of EMC Insurance Group Inc. (NASDAQ EMCI) opened at $27.99 on Friday. The stock has a market cap of $598.97, a price-to-earnings ratio of 17.28 and a beta of 1.00. EMC Insurance Group Inc. has a twelve month low of $25.97 and a twelve month 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 announced 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). The firm had revenue of $166.51 million during the quarter. EMC Insurance Group had a return on equity of 4.99% and a net margin of 5.32%. equities analysts expect that EMC Insurance Group Inc. will post 1.25 earnings per share for the current year.

In other EMC Insurance Group news, insider Lisa Anne Simonetta sold 1,302 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.30, for a total value of $39,450.60. Following the sale, the insider now owns 11,386 shares of the company’s stock, valued at approximately $344,995.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bruce G. Kelley sold 13,503 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $30.31, for a total transaction of $409,275.93. Following the completion of the sale, the chief executive officer now directly owns 264,003 shares in the company, valued at approximately $8,001,930.93. The disclosure for this sale can be found here. In the last three months, insiders sold 24,824 shares of company stock worth $746,033. Insiders own 4.46% of the company’s stock.

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

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