Zacks Investment Management held its stake in EMC Insurance Group Inc. (NASDAQ:EMCI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,555 shares of the insurance provider’s stock at the end of the second quarter. Zacks Investment Management owned 0.17% of EMC Insurance Group worth $1,015,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Teachers Advisors LLC increased its stake in shares of EMC Insurance Group by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 13,777 shares of the insurance provider’s stock worth $413,000 after purchasing an additional 463 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of EMC Insurance Group by 4.2% in the first quarter. Wells Fargo & Company MN now owns 180,571 shares of the insurance provider’s stock valued at $5,067,000 after purchasing an additional 7,232 shares during the period. Bank of New York Mellon Corp raised its position in shares of EMC Insurance Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 83,988 shares of the insurance provider’s stock valued at $2,356,000 after purchasing an additional 2,714 shares during the period. Swiss National Bank raised its position in shares of EMC Insurance Group by 19.9% in the first quarter. Swiss National Bank now owns 13,850 shares of the insurance provider’s stock valued at $389,000 after purchasing an additional 2,300 shares during the period. Finally, Martingale Asset Management L P raised its position in shares of EMC Insurance Group by 31.8% in the first quarter. Martingale Asset Management L P now owns 36,454 shares of the insurance provider’s stock valued at $1,023,000 after purchasing an additional 8,800 shares during the period. Hedge funds and other institutional investors own 28.17% of the company’s stock.

Separately, BidaskClub cut shares of EMC Insurance Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

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EMC Insurance Group Inc. (NASDAQ:EMCI) opened at 28.50 on Tuesday. The stock has a market capitalization of $608.48 million, a price-to-earnings ratio of 16.00 and a beta of 0.92. The company has a 50-day moving average of $27.71 and a 200-day moving average of $27.63. EMC Insurance Group Inc. has a 1-year low of $23.45 and a 1-year high of $31.47.

EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). EMC Insurance Group had a return on equity of 5.66% and a net margin of 5.87%. The business had revenue of $160.76 million during the quarter. Analysts anticipate that EMC Insurance Group Inc. will post $1.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 29th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 25th. This represents a $0.84 annualized dividend and a yield of 2.95%. EMC Insurance Group’s dividend payout ratio (DPR) is 46.93%.

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

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