EMC Insurance Group Inc. (EMCI) Declares Quarterly Dividend of $0.23
EMC Insurance Group (NASDAQ:EMCI) declared a quarterly dividend on Thursday, August 28th, Stock Ratings Network.com reports. Shareholders of record on Tuesday, September 9th will be given a dividend of 0.23 per share on Tuesday, September 16th. This represents a $0.92 dividend on an annualized basis and a yield of 3.03%.
EMCI has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of EMC Insurance Group in a research note on Friday, August 8th. They now have a $32.00 price target on the stock, down previously from $33.00. On a related note, analysts at Zacks downgraded shares of EMC Insurance Group from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $29.50 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.06.
EMC Insurance Group (NASDAQ:EMCI) traded down 0.59% during mid-day trading on Thursday, hitting $30.33. 12,566 shares of the company’s stock traded hands. EMC Insurance Group has a 52 week low of $26.23 and a 52 week high of $36.50. The stock’s 50-day moving average is $30.4 and its 200-day moving average is $31.8. The company has a market cap of $409.5 million and a price-to-earnings ratio of 11.71.
EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.01. On average, analysts predict that EMC Insurance Group will post $2.10 earnings per share for the current fiscal year.
EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.
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