EMC Insurance Group Inc. (NASDAQ:EMCI) Short Interest Update

EMC Insurance Group Inc. (NASDAQ:EMCI) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 90,000 shares, an increase of 22.6% from the May 30th total of 73,400 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 27,600 shares, the days-to-cover ratio is currently 3.3 days.

EMCI has been the subject of a number of research reports. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday.

Several large investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of EMC Insurance Group by 39.4% during the 4th quarter. Legal & General Group Plc now owns 2,058 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 582 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of EMC Insurance Group by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 52,158 shares of the insurance provider’s stock valued at $1,661,000 after acquiring an additional 741 shares during the last quarter. Strs Ohio lifted its position in shares of EMC Insurance Group by 6.6% during the 1st quarter. Strs Ohio now owns 19,300 shares of the insurance provider’s stock valued at $615,000 after acquiring an additional 1,200 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of EMC Insurance Group during the 4th quarter valued at $50,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of EMC Insurance Group by 444.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,934 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 1,579 shares during the last quarter. Institutional investors own 27.50% of the company’s stock.



NASDAQ EMCI traded down $0.02 on Friday, reaching $35.96. 9,747 shares of the stock traded hands, compared to its average volume of 21,270. The stock’s fifty day moving average price is $36.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $779.63 million, a P/E ratio of 32.99 and a beta of 0.33. EMC Insurance Group has a 12 month low of $22.98 and a 12 month high of $36.27.

EMC Insurance Group (NASDAQ:EMCI) last issued its quarterly earnings results on Thursday, May 9th. The insurance provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.41. The firm had revenue of $181.60 million during the quarter. EMC Insurance Group had a return on equity of 6.00% and a net margin of 3.66%. Research analysts predict that EMC Insurance Group will post 1.45 earnings per share for the current fiscal year.

About EMC Insurance Group

EMC Insurance Group Inc, an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. It operates through two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment underwrites commercial and personal lines of insurance products.

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