Investors are more bullish on shares of the company of late as indicated by the decrease in short interest. The stock realized a fall in short interest from September 29, 2017 to October 13, 2017 of -21.38%. Short interest fell 8,859 over that period. With short interest at 32,582 and short average daily volume at 18,694, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.00% on October 13.
E M C Insurance Gp (NASDAQ:EMCI) has been the object of insider selling activity recently. Elizabeth A. Nigut, Sr VP sold $3,426 worth of shares at an average price of $27.85 on Fri the 1st. Nigut now owns $148,840 of stock as reported to the SEC.
The following firms have recently changed their position in EMCI. Schwab Charles Investment Management Inc expanded its position by buying 1,218 shares an increase of 4.3%. Schwab Charles Investment Management Inc now controls 29,821 shares with a value of $840,000. The value of the position overall is up by 5.7%. Perritt Capital Management Inc reduced its holdings by selling 21,307 shares a decrease of 23.7% as of 09/30/2017. Perritt Capital Management Inc claims 68,693 shares worth $1,934,000. The total value of its holdings decreased 22.6%.
As of quarter end Kennedy Capital Management, Inc. had bought a total of 16,055 shares growing its stake by 10.4%. The value of the company’s investment in E M C Insurance Gp went from $4,295,000 to $4,804,000 a change of $509,000 quarter to quarter. As of the end of the quarter Renaissance Technologies LLC had acquired 27,300 shares growing its position 11.6%. The value of the investment in (EMCI) increased from $6,538,000 to $7,394,000 a change of 13.1% since the last quarter.
October 8 investment analysts at Keefe, Bruyette & Woods maintained a company rating of “Market Perform” targeting a price of $30.00.
The company is so far trading up from yesterday’s close of 29.16. The P/E ratio is 18.18 and market cap is 630.75M. In the last earnings report the EPS was $1.62 with 21.40M shares currently 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..