A Reversal for Emc Insurance Group Incorporated (NASDAQ:EMCI) Is Near. The Stock Has Decrease in Shorts

September 13, 2017 - By Peter Erickson

 A Reversal for Emc Insurance Group Incorporated (NASDAQ:EMCI) Is Near. The Stock Has Decrease in Shorts

Investors sentiment decreased to 1.33 in Q4 2016. Its down 0.34, from 1.67 in 2016Q3. It dived, as 6 investors sold EMC Insurance Group Inc. shares while 21 reduced holdings. 6 funds opened positions while 30 raised stakes. 5.91 million shares or 0.28% less from 5.93 million shares in 2016Q3 were reported.
5,064 are held by Deutsche Bancshares Ag. Morgan Stanley has invested 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Metropolitan Life Insurance Ny stated it has 0% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI). Employees Retirement Association Of Colorado invested 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Financial Bank Of Mellon Corp holds 81,274 shares or 0% of its portfolio. Mairs And accumulated 190,088 shares. Creative Planning has 0% invested in EMC Insurance Group Inc. (NASDAQ:EMCI) for 950 shares. 9,000 were accumulated by Clear Harbor Asset Mgmt. Group Incorporated Inc accumulated 4,799 shares. Bessemer Grp Inc has invested 0% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI). Royal Bancshares Of Canada reported 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Schwab Charles Inv Management Incorporated invested in 27,273 shares. Thompson Siegel & Walmsley Limited Company stated it has 600 shares. Kennedy Capital Mngmt Inc holds 0.08% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI) for 149,451 shares. Moreover, Perritt Capital Mgmt Inc has 0.65% invested in EMC Insurance Group Inc. (NASDAQ:EMCI).

Since June 9, 2017, it had 0 insider purchases, and 2 selling transactions for $128,337 activity. Shares for $64,350 were sold by Paine Ronald Allan on Friday, June 9.

The stock of Emc Insurance Group Incorporated (NASDAQ:EMCI) registered a decrease of 11% in short interest. EMCI’s total short interest was 42,900 shares in September as published by FINRA. Its down 11% from 48,200 shares, reported previously. With 23,700 shares average volume, it will take short sellers 2 days to cover their EMCI’s short positions. The short interest to Emc Insurance Group Incorporated’s float is 0.49%.

It is 0.00% or $0 reaching $27.6 per share. It is down 2.06% since September 13, 2016 and is uptrending. It has underperformed by 14.64% the S&P500.

EMC Insurance Group Inc. is an insurance holding company. The company has market cap of $589.25 million. The Firm operates through two divisions: Property and Casualty Insurance and Reinsurance segment. It has a 15.48 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.

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

Among 2 analysts covering EMC Insurance Group (NASDAQ:EMCI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. EMC Insurance Group had 5 analyst reports since September 9, 2015 according to SRatingsIntel. As per Thursday, August 17, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, September 9. The firm has “Hold” rating given on Friday, December 18 by Sandler O’Neill. The firm earned “Market Perform” rating on Tuesday, October 20 by Keefe Bruyette & Woods. On Wednesday, January 20 the stock rating was upgraded by Sandler O’Neill to “Buy”.

More notable recent EMC Insurance Group Inc. (NASDAQ:EMCI) news were published by: Globenewswire.com which released: “EMC Insurance Group Inc. Reports 2016 Fourth Quarter and Year-End Results, and …” on February 10, 2017, also Nasdaq.com with their article: “EMC Insurance Group Inc. (EMCI) Ex-Dividend Date Scheduled for August 25, 2017” published on August 24, 2017, Seekingalpha.com published: “EMC Insurance’s (EMCI) CEO Bruce Kelley on Q1 2017 Results – Earnings Call …” on May 06, 2017. More interesting news about EMC Insurance Group Inc. (NASDAQ:EMCI) were released by: Seekingalpha.com and their article: “EMC Insurance hikes guidance” published on January 27, 2017 as well as Nasdaq.com‘s news article titled: “EMC Insurance Group Inc. Reports 2017 Second Quarter and Six Month Results” with publication date: August 08, 2017.

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