EMC Insurance Group Inc. (NASDAQ:EMCI) insider Elizabeth A. Nigut sold 897 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $27.30, for a total value of $24,488.10. Following the sale, the insider now directly owns 4,475 shares in the company, valued at approximately $122,167.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EMC Insurance Group Inc. (EMCI) traded up 2.15% during mid-day trading on Friday, hitting $27.54. The stock had a trading volume of 51,734 shares. The company has a market cap of $587.98 million, a price-to-earnings ratio of 15.46 and a beta of 0.94. The company has a 50 day moving average price of $27.65 and a 200-day moving average price of $27.65. EMC Insurance Group Inc. has a one year low of $23.44 and a one year high of $31.47.

EMC Insurance Group (NASDAQ:EMCI) last issued its earnings results on Tuesday, August 8th. The insurance provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.12. EMC Insurance Group had a net margin of 5.87% and a return on equity of 5.66%. The business had revenue of $160.76 million during the quarter. Equities analysts expect that EMC Insurance Group Inc. will post $1.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Friday, August 25th. EMC Insurance Group’s dividend payout ratio is presently 46.93%.

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Several hedge funds have recently modified their holdings of the company. ZPR Investment Management raised its stake in shares of EMC Insurance Group by 2.8% in the 2nd quarter. ZPR Investment Management now owns 7,371 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 202 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of EMC Insurance Group by 17.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,708 shares of the insurance provider’s stock valued at $242,000 after acquiring an additional 1,280 shares during the period. State Street Corp raised its stake in shares of EMC Insurance Group by 11.3% in the 2nd quarter. State Street Corp now owns 150,958 shares of the insurance provider’s stock valued at $4,193,000 after acquiring an additional 15,367 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of EMC Insurance Group by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,785,827 shares of the insurance provider’s stock valued at $49,610,000 after acquiring an additional 11,059 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of EMC Insurance Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 420,044 shares of the insurance provider’s stock valued at $11,668,000 after acquiring an additional 6,068 shares during the period. 28.17% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub lowered EMC Insurance Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

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.

Insider Buying and Selling by Quarter for EMC Insurance Group (NASDAQ:EMCI)

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