Ownership Change: Mark Reese Insider Trade for 1,115 Shares of EMC Insurance Group Inc. (NASDAQ:EMCI)

November 30, 2016 - By Peter Erickson

Ownership Change: Mark Reese Insider Trade for 1,115 Shares of EMC Insurance Group Inc. (NASDAQ:EMCI)

Mark Reese Insider Sell

Mark Reese is the Senior Vice President & CFO of Emc Insurance Group Inc. He lately unloaded 1,115 shares in the public firm with the transaction value amounting to exactly $31,610 U.S Dollars. This number is according to the filing revealed price of $28.4 for share. Mark is trying to silently decrease his company’s share, same as he did in the last month. He unloaded another 182 shares worth $5,096 USD. This unexpected trade occurred on 30/11/2016 and was which was filed with the Security and Exchange Commission. The source report is free at your disposal here. The regulatory filing shows that Mark Reese now has rights to roughly 0.07% of the Iowa-based company’s total market capitalization

EMC Insurance Group Inc. (NASDAQ:EMCI) Ratings Coverage

Out of 2 analysts covering EMC Insurance Group (NASDAQ:EMCI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. EMC Insurance Group has been the topic of 4 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was downgraded by Sandler O’Neill to “Hold” on Friday, December 18. Keefe Bruyette & Woods initiated EMC Insurance Group Inc. (NASDAQ:EMCI) rating on Tuesday, October 20. Keefe Bruyette & Woods has “Market Perform” rating and $27 price target. As per Wednesday, September 9, the company rating was upgraded by Sandler O’Neill. The stock of EMC Insurance Group Inc. (NASDAQ:EMCI) earned “Buy” rating by Sandler O’Neill on Wednesday, January 20.

Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 0.26, from 1.41 in 2016Q1. The ratio is positive, as 4 funds sold all EMC Insurance Group Inc. shares owned while 23 reduced positions. 7 funds bought stakes while 31 increased positions. They now own 5.90 million shares or 13.05% less from 6.79 million shares in 2016Q1.

Amer Interest Grp Inc, a New York-based fund reported 4,805 shares. Creative Planning owns 750 shares or 0% of their US portfolio. Mairs And holds 163,448 shares or 0.06% of its portfolio. Rhumbline Advisers accumulated 11,884 shares or 0% of the stock. Tower Rech Ltd Liability Corporation (Trc) has 0% invested in the company for 96 shares. Keeley Asset Mngmt Corporation holds 0.02% or 15,820 shares in its portfolio. Moreover, Blackrock has 0% invested in EMC Insurance Group Inc. (NASDAQ:EMCI) for 1,717 shares. New York State Common Retirement Fund reported 10,750 shares or 0% of all its holdings. The California-based Blackrock Institutional Tru Na has invested 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Morgan Stanley has 28,415 shares for 0% of their US portfolio. Goldman Sachs Group Inc Inc has invested 0% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI). Panagora Asset Mgmt, a Massachusetts-based fund reported 71,312 shares. The California-based California Public Employees Retirement Systems has invested 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Public Employees Retirement Association Of Colorado has 14,850 shares for 0% of their US portfolio. Menta Ltd Com accumulated 0.19% or 48,760 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 6 sales for $175,322 net activity. REESE MARK E sold $5,096 worth of stock. Another trade for 5 shares valued at $134 was made by SIMONETTA LISA ANNE on Tuesday, June 7. Another trade for 3,526 shares valued at $98,728 was made by Paine Ronald Allan on Monday, August 29.

About 2,481 shares traded hands. EMC Insurance Group Inc. (NASDAQ:EMCI) has risen 8.38% since April 27, 2016 and is uptrending. It has outperformed by 3.15% the S&P500.

EMC Insurance Group Inc. is an insurance holding company. The company has a market cap of $592.18 million. The Firm operates through two divisions: Property and Casualty Insurance and Reinsurance segment. It has a 16.9 P/E ratio. It conducts its property and casualty insurance activities through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance activities through its subsidiary, EMC Reinsurance Company.

According to Zacks Investment Research, “EMC Insurance Group Inc. is an insurance holding company. EMC Insurance Group Inc. is owned by Employers Mutual Casualty Company, a multiple-line property and casualty insurance company and conducts its insurance business through two business segments as follows, Property and Casualty Insurance and Reinsurance.”

Analysts await EMC Insurance Group Inc. (NASDAQ:EMCI) to report earnings on February, 10.

More notable recent EMC Insurance Group Inc. (NASDAQ:EMCI) news were published by: Nasdaq.com which released: “EMC Insurance Group Inc. (EMCI) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016, also Globenewswire.com with their article: “EMC Insurance Group Inc. Increases and Declares Quarterly Cash Dividend, and ..” published on November 02, 2016, Globenewswire.com published: “EMC Insurance Group Inc. Announces 2016 Second Quarter Earnings Call and ..” on July 14, 2016. More interesting news about EMC Insurance Group Inc. (NASDAQ:EMCI) were released by: Nasdaq.com and their article: “RSI Alert: EMC Insurance Group Now Oversold” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “EMC Insurance Group’s (EMCI) CEO Bruce Kelley on Q2 2016 Results – Earnings ..” with publication date: August 09, 2016.

EMCI Company Profile

EMC Insurance Group Inc., incorporated November 19, 1974, is an insurance holding company. The Firm operates through two divisions: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance activities through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance activities through its subsidiary, EMC Reinsurance Company. The Firm focuses on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses. The Firm offers its insurance products in approximately 40 states in the United States. The Firm is owned by Employers Mutual Casualty Company (Employers Mutual), a multiple-line property and casualty insurance company.

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