EMC Insurance Group Inc. (NASDAQ:EMCI) insider Ronald Allan Paine sold 2,250 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $28.60, for a total transaction of $64,350.00. Following the completion of the sale, the insider now owns 24,823 shares of the company’s stock, valued at approximately $709,937.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
EMC Insurance Group Inc. (NASDAQ:EMCI) traded up 0.76% during mid-day trading on Friday, reaching $27.68. 19,913 shares of the company traded hands. The stock has a market capitalization of $588.45 million, a PE ratio of 15.23 and a beta of 0.92. The firm’s 50-day moving average is $27.33 and its 200 day moving average is $28.33. EMC Insurance Group Inc. has a 52-week low of $23.44 and a 52-week high of $31.47.
EMC Insurance Group (NASDAQ:EMCI) last posted its earnings results on Friday, May 5th. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 5.98% and a return on equity of 6.00%. On average, equities research analysts expect that EMC Insurance Group Inc. will post $1.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, June 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, June 2nd. EMC Insurance Group’s payout ratio is 46.15%.
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Large investors have recently bought and sold shares of the stock. American International Group Inc. boosted its stake in EMC Insurance Group by 7.3% in the first quarter. American International Group Inc. now owns 5,150 shares of the insurance provider’s stock worth $145,000 after buying an additional 351 shares during the last quarter. 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 worth $205,000 after buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in EMC Insurance Group by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,605 shares of the insurance provider’s stock worth $241,000 after buying an additional 830 shares during the last quarter. Bessemer Group Inc. boosted its stake in EMC Insurance Group by 20.5% in the fourth quarter. Bessemer Group Inc. now owns 8,800 shares of the insurance provider’s stock worth $264,000 after buying an additional 1,500 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in EMC Insurance Group by 22.2% in the first quarter. Clear Harbor Asset Management LLC now owns 11,000 shares of the insurance provider’s stock worth $309,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 28.25% of the company’s stock.
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.
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