ZPR Investment Management Boosts Position in EMC Insurance Group Inc. (EMCI)

ZPR Investment Management lifted its position in shares of EMC Insurance Group Inc. (NASDAQ:EMCI) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,371 shares of the insurance provider’s stock after acquiring an additional 202 shares during the period. ZPR Investment Management’s holdings in EMC Insurance Group were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of EMC Insurance Group by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,785,827 shares of the insurance provider’s stock valued at $49,610,000 after acquiring an additional 11,059 shares in the last quarter. Vanguard Group Inc. raised its position in shares of EMC Insurance Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 420,044 shares of the insurance provider’s stock valued at $11,668,000 after acquiring an additional 6,068 shares in the last quarter. Northern Trust Corp raised its position in shares of EMC Insurance Group by 5.1% during the 2nd quarter. Northern Trust Corp now owns 408,082 shares of the insurance provider’s stock valued at $11,336,000 after acquiring an additional 19,830 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of EMC Insurance Group by 5.8% during the 1st quarter. Renaissance Technologies LLC now owns 227,372 shares of the insurance provider’s stock valued at $6,380,000 after acquiring an additional 12,422 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of EMC Insurance Group by 3.4% during the 2nd quarter. Wells Fargo & Company MN now owns 186,732 shares of the insurance provider’s stock valued at $5,187,000 after acquiring an additional 6,161 shares in the last quarter. 28.17% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on EMCI shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $30.00 price target on shares of EMC Insurance Group in a research report on Sunday. BidaskClub lowered EMC Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

Shares of EMC Insurance Group Inc. (NASDAQ EMCI) traded down 0.28% on Tuesday, reaching $28.38. The company had a trading volume of 4,191 shares. The firm has a market capitalization of $605.91 million, a PE ratio of 15.93 and a beta of 0.92. The company’s 50-day moving average is $27.82 and its 200 day moving average is $27.66. EMC Insurance Group Inc. has a 12 month low of $23.45 and a 12 month high of $31.47.

EMC Insurance Group (NASDAQ:EMCI) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.16 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $160.76 million during the quarter. Equities analysts forecast that EMC Insurance Group Inc. will post $1.02 earnings per share for the current year.

About EMC Insurance Group

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.

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

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