EMC Insurance Group Inc. (NASDAQ:EMCI) declared a quarterly dividend on Friday, May 26th. Investors of record on Tuesday, June 6th will be given a dividend of 0.21 per share by the insurance provider on Tuesday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, June 2nd.

EMC Insurance Group (NASDAQ:EMCI) traded up 0.40% on Friday, hitting $27.30. 26,625 shares of the company were exchanged. The firm has a 50 day moving average of $27.45 and a 200-day moving average of $28.32. EMC Insurance Group has a 52-week low of $23.44 and a 52-week high of $31.47. The stock has a market cap of $580.37 million, a PE ratio of 15.02 and a beta of 0.79.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Friday, May 5th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.22. The company had revenue of $155.08 million during the quarter. EMC Insurance Group had a net margin of 7.21% and a return on equity of 7.47%. On average, equities analysts expect that EMC Insurance Group will post $1.45 earnings per share for the current fiscal year.

Dividend History for EMC Insurance Group (NASDAQ:EMCI)

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A number of hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in EMC Insurance Group by 5.8% in the first quarter. Alliancebernstein L.P. now owns 7,300 shares of the insurance provider’s stock valued at $205,000 after buying an additional 400 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in EMC Insurance Group during the first quarter valued at about $323,000. Teachers Advisors LLC boosted its stake in EMC Insurance Group by 6.5% in the first quarter. Teachers Advisors LLC now owns 14,667 shares of the insurance provider’s stock valued at $412,000 after buying an additional 890 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in EMC Insurance Group by 4.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,470 shares of the insurance provider’s stock valued at $799,000 after buying an additional 1,197 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in EMC Insurance Group by 6.4% in the first quarter. Geode Capital Management LLC now owns 76,058 shares of the insurance provider’s stock valued at $2,134,000 after buying an additional 4,599 shares in the last quarter. 28.20% of the stock is currently owned by hedge funds and other institutional investors.

About EMC Insurance Group

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.

12 Month Chart for NASDAQ:EMCI

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