EMC Insurance Group Inc. (NASDAQ:EMCI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $27.54, but opened at $27.58. EMC Insurance Group shares last traded at $28.05, with a volume of 11,007 shares.

Separately, Sandler O’Neill cut shares of EMC Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.

The company has a 50-day moving average of $27.95 and a 200-day moving average of $26.38. The stock has a market cap of $590.44 million and a PE ratio of 13.94.

EMC Insurance Group (NASDAQ:EMCI) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The firm had revenue of $120.50 million for the quarter, compared to analysts’ expectations of $157.90 million. Equities analysts forecast that EMC Insurance Group Inc. will post $1.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 30th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, August 26th.

In other news, SVP Lisa Anne Simonetta sold 1,242 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $26.49, for a total transaction of $32,900.58. Following the sale, the senior vice president now owns 11,866 shares in the company, valued at $314,330.34. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Elizabeth A. Nigut sold 1,355 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $26.77, for a total transaction of $36,273.35. Following the sale, the senior vice president now owns 7,716 shares in the company, valued at approximately $206,557.32. The disclosure for this sale can be found here.

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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