US Bancorp DE held its stake in shares of EMC Insurance Group Inc. (NASDAQ:EMCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,965 shares of the insurance provider’s stock at the end of the second quarter. US Bancorp DE’s holdings in EMC Insurance Group were worth $861,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EMCI. Alliancebernstein L.P. raised its stake in shares of EMC Insurance Group by 5.8% in the first quarter. Alliancebernstein L.P. now owns 7,300 shares of the insurance provider’s stock worth $205,000 after buying an additional 400 shares in the last quarter. American International Group Inc. raised its stake in shares of 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 worth $145,000 after buying an additional 351 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of EMC Insurance Group by 5.0% in the first quarter. Prudential Financial Inc. now owns 63,167 shares of the insurance provider’s stock worth $1,773,000 after buying an additional 3,010 shares in the last quarter. Martingale Asset Management L P raised its stake 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 worth $1,023,000 after buying an additional 8,800 shares in the last quarter. Finally, 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 worth $389,000 after buying an additional 2,300 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Shares of EMC Insurance Group Inc. (NASDAQ EMCI) traded down 0.47% during trading on Friday, hitting $27.44. 6,860 shares of the stock were exchanged. The firm has a market capitalization of $585.84 million, a price-to-earnings ratio of 15.41 and a beta of 0.93. EMC Insurance Group Inc. has a 52 week low of $23.45 and a 52 week high of $31.47. The stock’s 50 day moving average price is $27.73 and its 200 day moving average price is $27.82.

EMC Insurance Group (NASDAQ:EMCI) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.12. EMC Insurance Group had a net margin of 5.87% and a return on equity of 5.66%. The business had revenue of $160.76 million during the quarter. On average, equities analysts predict that EMC Insurance Group Inc. will post $1.40 earnings per share for the current year.

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

In other EMC Insurance Group news, insider Ronald Allan Paine sold 2,250 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $28.60, for a total transaction of $64,350.00. Following the completion of the sale, the insider now owns 24,823 shares of the company’s stock, valued at approximately $709,937.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Reese sold 2,233 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $28.66, for a total transaction of $63,997.78. Following the sale, the insider now directly owns 13,983 shares of the company’s stock, valued at approximately $400,752.78. 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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Institutional Ownership by Quarter for EMC Insurance Group (NASDAQ:EMCI)

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