Fjarde Ap-Fonden Fourth Swedish National Pension Fund Has Lifted Bank New York Mellon (BK) Holding; Emc Insurance Group Has 1.24 Sentiment

February 17, 2018 - By Lawrence Diaz

EMC Insurance Group Inc., an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. The company has market cap of $578.01 million. It operates through two divisions, Property and Casualty Insurance, and Reinsurance. It has a 14.64 P/E ratio. The Property and Casualty Insurance segment writes commercial and personal lines of insurance products.

Fjarde Ap-Fonden Fourth Swedish National Pension Fund increased Bank New York Mellon Corp (BK) stake by 3.88% reported in 2017Q3 SEC filing. Fjarde Ap-Fonden Fourth Swedish National Pension Fund acquired 9,555 shares as Bank New York Mellon Corp (BK)’s stock declined 1.27%. The Fjarde Ap-Fonden Fourth Swedish National Pension Fund holds 255,809 shares with $13.56M value, up from 246,254 last quarter. Bank New York Mellon Corp now has $57.01B valuation. The stock increased 0.16% or $0.09 during the last trading session, reaching $56.25. About 3.38M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 17, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Fjarde Ap-Fonden Fourth Swedish National Pension Fund decreased Packaging Corp Amer (NYSE:PKG) stake by 5,249 shares to 23,222 valued at $2.66 million in 2017Q3. It also reduced Anadarko Pete Corp (NYSE:APC) stake by 13,944 shares and now owns 137,282 shares. Veeva Sys Inc Cl A (NYSE:VEEV) was reduced too.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It increased, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Bb&T reported 12,729 shares. Franklin Res Incorporated has invested 0.01% in The Bank of New York Mellon Corporation (NYSE:BK). Hartford Inv Management owns 246,625 shares for 0.25% of their portfolio. New Mexico Educational Retirement Board holds 0.24% in The Bank of New York Mellon Corporation (NYSE:BK) or 94,960 shares. Moreover, Cypress Capital Management Ltd Liability Co has 1.85% invested in The Bank of New York Mellon Corporation (NYSE:BK). Veritas Investment Mngmt (Uk) Limited accumulated 893 shares. Whitnell invested in 0.4% or 17,375 shares. First Citizens Bancorp Trust Communications reported 0.56% in The Bank of New York Mellon Corporation (NYSE:BK). Cambridge Trust Co invested 0.03% in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Regal Advsr Ltd Com has 0.45% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 36,008 shares. Sg Americas Limited Company owns 20,396 shares for 0.01% of their portfolio. Panagora Asset Mgmt invested in 0.17% or 817,487 shares. Pineno Levin And Ford Asset invested in 96,272 shares or 2.34% of the stock. Thrivent Finance For Lutherans holds 0.11% or 606,032 shares in its portfolio. Logan Capital Mngmt, a Pennsylvania-based fund reported 4,621 shares.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse to “Neutral” on Monday, April 24. The rating was maintained by Deutsche Bank with “Buy” on Friday, May 27. As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. On Wednesday, April 12 the stock rating was maintained by Jefferies with “Hold”. JP Morgan downgraded The Bank of New York Mellon Corporation (NYSE:BK) on Friday, January 19 to “Underweight” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, January 18 with “Hold”. The rating was maintained by Morgan Stanley on Friday, October 20 with “Equal-Weight”. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Friday, October 21 report. The rating was downgraded by J.P. Morgan on Friday, January 19 to “Sell”. The firm earned “Underperform” rating on Friday, May 26 by Bank of America.

Capital Returns Management Llc holds 2.24% of its portfolio in EMC Insurance Group Inc. for 273,007 shares. Grace & White Inc Ny owns 185,939 shares or 1.09% of their US portfolio. Moreover, Perritt Capital Management Inc has 0.51% invested in the company for 68,693 shares. The Florida-based Zpr Investment Management has invested 0.31% in the stock. Ativo Capital Management Llc, a Illinois-based fund reported 33,171 shares.

The stock decreased 0.85% or $0.23 during the last trading session, reaching $26.94. About 13,329 shares traded. EMC Insurance Group Inc. (EMCI) has risen 2.06% since February 17, 2017 and is uptrending. It has underperformed by 14.64% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $24,487 activity.

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