EMC Insurance Group Inc. (EMCI) Announces Earnings Results, Misses Expectations By $0.16 EPS
EMC Insurance Group Inc. (NASDAQ:EMCI) released its quarterly earnings results on Wednesday. The insurance provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.16), Bloomberg Earnings reports. EMC Insurance Group had a return on equity of 5.66% and a net margin of 5.87%.
Shares of EMC Insurance Group (NASDAQ:EMCI) traded up $1.02 on Wednesday, reaching $29.43. The company’s stock had a trading volume of 18,318 shares, compared to its average volume of 15,685. The company has a market cap of $618.94, a price-to-earnings ratio of 18.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.09 and a quick ratio of 0.09. EMC Insurance Group has a 52-week low of $24.68 and a 52-week high of $31.47.
The company 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 dividend on an annualized basis and a yield of 2.99%. This is a positive change from EMC Insurance Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, November 17th. EMC Insurance Group’s dividend payout ratio (DPR) is presently 47.19%.
A number of equities research analysts recently commented on EMCI shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $30.00 price target on shares of EMC Insurance Group in a research report on Sunday, October 8th. BidaskClub upgraded EMC Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
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.
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