(NASDAQ:EMCI) shares saw heavy trading volume with 40K shares changing hands by the end of trading on Tuesday. Overall, volume was up 202.19% over the stocks normal daily volume.
Traders are a little more bullish on shares of the company recently considering the motion in short interest. The company had a fall in short interest of -21.38% as of the latest report on October 13, 2017. Short shares decreased from 41,441 to 32,582 over that timeframe. The days to cover decreased to 2.0 and the short interest percentage is 0.00% as of October 13.
There has been some selling insider activity on E M C Insurance Gp (NASDAQ:EMCI) recently. Sr VP Elizabeth A. Nigut sold 123 shares at an average price of $27.85 on Fri the 1st. The Sr VP now owns $148,840 of the stock as reported to the SEC.
Additionally, here are a few investment firms who have increased or decreased their stake in (EMCI). Alliancebernstein L.p. trimmed its ownership by selling 200 shares a decrease of 2.2% in the quarter. Alliancebernstein L.p. claims 8,900 shares with a value of $251,000. The value of the position overall is down by 0.8%. As of quarter end California State Teachers Retirement System had disposed of 1,536 shares trimming its stake by 9.9%. The value of the investment in (EMCI) decreased from $431,000 to $393,000 decreasing 8.8% quarter over quarter.
As of the end of the quarter Lsv Asset Management had sold a total of 38,562 shares trimming its holdings by 63.3%. The value of the investment in EMCI went from $1,691,000 to $628,000 a change of $1,063,000 since the last quarter. Dimensional Fund Advisors Lp reduced its stake by shedding 6,029 shares a decrease of 0.3% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp now controls 1,779,798 shares valued at $50,102,000. The total value of its holdings increased 1.0%.
On October 8 Keefe, Bruyette & Woods maintained a company rating of “Market Perform” with a current price target of $30.00.
The company is trading up by 0.41% percent from yesterday’s close. The P/E ratio is 18.14 and the market cap of the company is 629.36M. As of the latest earnings report the EPS was $1.62 with 21.40M shares presently outstanding.
EMC Insurance Group Inc., incorporated November 19, 1974, 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. The Company focuses on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses. The Company offered its insurance products in 41 states, as of December 31, 2016. The Company is owned by Employers Mutual Casualty Company (Employers Mutual), a multiple-line property and casualty insurance company..