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EMC Insurance Group Inc. (EMCI) Sr.Vice President & CFO Mark E Reese sells 1,000 Shares

May 13, 2010 | About:
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insider

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Sr.Vice President & CFO of EMC Insurance Group Inc. (EMCI) Mark E Reese sells 1,000 shares of EMCI on 05/11/2010 at an average price of $24.15 a share.

Emc Insurance Group Inc. has a market cap of $323.4 million; its shares were traded at around $24.63 with a P/E ratio of 10.1 and P/S ratio of 0.7. The dividend yield of Emc Insurance Group Inc. stocks is 3%.

EMCI is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:


  • Sell:: Sr. Vice President & CFO Mark E Reese sold 400 shares of EMCI stock on 03/12/2010 at the average price of 22.15, the price of the stock has increased by 11.2% since.

  • Sell:: Sr.Vice President & CFO Mark E Reese sold 500 shares of EMCI stock on 03/11/2010 at the average price of 22, the price of the stock has increased by 11.95% since.



This is the insider trade history vs. stock price of EMCI. For the complete insider trading history of EMCI, click here.




Directors and Officers Recent Trades:


  • Sell:: Asst. Vice Pres. & Controller Carla A Prather sold 633 shares of EMCI stock on 11/19/2009 at the average price of 21.55, the price of the stock has increased by 14.29% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.0/5 (4 votes)

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