Teachers Advisors LLC raised its stake in shares of EMC Insurance Group Inc. (NASDAQ:EMCI) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,281 shares of the insurance provider’s stock after purchasing an additional 614 shares during the quarter. Teachers Advisors LLC owned 0.07% of EMC Insurance Group worth $425,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of EMC Insurance Group by 0.7% during the 2nd quarter. Bessemer Group Inc. now owns 14,400 shares of the insurance provider’s stock worth $400,000 after purchasing an additional 100 shares during the period. American Century Companies Inc. increased its holdings in shares of EMC Insurance Group by 0.3% during the 2nd quarter. American Century Companies Inc. now owns 39,927 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 100 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of EMC Insurance Group by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,603 shares of the insurance provider’s stock worth $795,000 after purchasing an additional 133 shares during the period. American International Group Inc. increased its holdings in shares of EMC Insurance Group by 7.3% during the 1st quarter. American International Group Inc. now owns 5,150 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 351 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of EMC Insurance Group by 5.8% during the 1st quarter. Alliancebernstein L.P. now owns 7,300 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 400 shares during the period. Institutional investors own 28.15% of the company’s stock.

Shares of EMC Insurance Group Inc. (NASDAQ EMCI) opened at $29.52 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.04. EMC Insurance Group Inc. has a 12-month low of $25.97 and a 12-month high of $31.47. The firm has a market cap of $635.99, a PE ratio of 21.08 and a beta of 0.98.

EMC Insurance Group (NASDAQ:EMCI) last issued its earnings results on Wednesday, November 8th. The insurance provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.16). EMC Insurance Group had a net margin of 5.32% and a return on equity of 4.99%. The business had revenue of $166.51 million for the quarter. analysts anticipate that EMC Insurance Group Inc. will post 1.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be given a dividend of $0.22 per share. This is a positive change from EMC Insurance Group’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, November 17th. EMC Insurance Group’s payout ratio is 51.85%.

EMCI has been the topic of several research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $30.00 price objective on shares of EMC Insurance Group in a report on Sunday, October 8th. BidaskClub downgraded shares of EMC Insurance Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.

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EMC Insurance Group Company Profile

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.

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

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