EMC Insurance Group Inc. (NASDAQ:EMCI) insider Ronald Allan Paine sold 3,000 shares of EMC Insurance Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $29.47, for a total value of $88,410.00. Following the completion of the sale, the insider now owns 22,476 shares of the company’s stock, valued at $662,367.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of EMC Insurance Group Inc. (NASDAQ:EMCI) opened at $30.62 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.08 and a quick ratio of 0.08. EMC Insurance Group Inc. has a 52-week low of $25.97 and a 52-week high of $31.47. The company has a market capitalization of $645.41, a P/E ratio of 21.39 and a beta of 0.98.

EMC Insurance Group (NASDAQ:EMCI) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.16). EMC Insurance Group had a return on equity of 4.99% and a net margin of 5.32%. The company had revenue of $166.51 million during the quarter. sell-side analysts forecast that EMC Insurance Group Inc. will post 1.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 20th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, November 17th. This is a positive change from EMC Insurance Group’s previous quarterly dividend of $0.21. EMC Insurance Group’s dividend payout ratio is currently 54.32%.

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A number of equities research analysts have recently weighed in on EMCI shares. ValuEngine lowered EMC Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $30.00 target price on shares of EMC Insurance Group in a research report on Sunday, October 8th. Finally, BidaskClub upgraded EMC Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of EMC Insurance Group by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,785,827 shares of the insurance provider’s stock worth $49,610,000 after buying an additional 11,059 shares during the period. Vanguard Group Inc. raised its stake in shares of EMC Insurance Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 420,044 shares of the insurance provider’s stock worth $11,668,000 after buying an additional 6,068 shares during the period. Northern Trust Corp raised its stake in shares of EMC Insurance Group by 5.1% during the 2nd quarter. Northern Trust Corp now owns 408,082 shares of the insurance provider’s stock worth $11,336,000 after buying an additional 19,830 shares during the period. Renaissance Technologies LLC raised its stake in shares of EMC Insurance Group by 5.8% during the 1st quarter. Renaissance Technologies LLC now owns 227,372 shares of the insurance provider’s stock worth $6,380,000 after buying an additional 12,422 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of EMC Insurance Group by 1.8% during the 3rd quarter. Wells Fargo & Company MN now owns 190,027 shares of the insurance provider’s stock worth $5,348,000 after buying an additional 3,295 shares during the period. 28.03% of the stock is owned by institutional investors and hedge funds.

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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