EMC Insurance Group Inc. (EMCI) Insider Lisa Anne Simonetta Sells 1,302 Shares of Stock

EMC Insurance Group Inc. (NASDAQ:EMCI) insider Lisa Anne Simonetta sold 1,302 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.30, for a total value of $39,450.60. Following the completion of the transaction, the insider now directly owns 11,386 shares in the company, valued at $344,995.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

EMC Insurance Group Inc. (EMCI) opened at $30.73 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.04. EMC Insurance Group Inc. has a twelve month low of $25.97 and a twelve month high of $32.19. The company has a market capitalization of $658.04, a P/E ratio of 21.81 and a beta of 0.99.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.05 EPS for the quarter, missing the Zacks’ 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 business had revenue of $166.51 million during the quarter. analysts anticipate that EMC Insurance Group Inc. will post 1.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 20th were paid a $0.22 dividend. This is an increase from EMC Insurance Group’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, November 17th. This represents a $0.88 dividend on an annualized basis and a yield of 2.86%. EMC Insurance Group’s payout ratio is presently 54.32%.

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in EMC Insurance Group by 0.3% in the 2nd quarter. American Century Companies Inc. now owns 39,927 shares of the insurance provider’s stock worth $1,109,000 after acquiring an additional 100 shares during the last quarter. Bessemer Group Inc. increased its stake in EMC Insurance Group by 0.7% in the 2nd quarter. Bessemer Group Inc. now owns 14,400 shares of the insurance provider’s stock worth $400,000 after acquiring an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in EMC Insurance Group by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,603 shares of the insurance provider’s stock worth $795,000 after acquiring an additional 133 shares during the last quarter. ZPR Investment Management increased its stake in EMC Insurance Group by 2.8% in the 2nd quarter. ZPR Investment Management now owns 7,371 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 202 shares during the last quarter. Finally, American International Group Inc. increased its stake in EMC Insurance Group by 7.3% in the 1st quarter. American International Group Inc. now owns 5,150 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 351 shares during the last quarter. 27.99% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on EMCI. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price target on shares of EMC Insurance Group in a report on Friday, November 10th. ValuEngine cut EMC Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, BidaskClub raised EMC Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.

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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.

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

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