Dividend Coverage: EMC Insurance Group Inc. (NASDAQ:EMCI) dividends of $0.21 are projected for the near future; this is why.

Dividend Coverage: EMC Insurance Group Inc. (NASDAQ:EMCI) dividends of $0.21 are projected for the near future; this is why.

EMC Insurance Group Inc. (NASDAQ:EMCI) is expected to pay $0.21 on Nov 22, 2016. The indicated annual dividend is $0.84. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on EMC Insurance Group Inc.’s current price of $25.07, the dividend is 0.84%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 3, 2016. The stock increased 1.01% or $0.25 during the last trading session, hitting $25.07. EMC Insurance Group Inc. (NASDAQ:EMCI) has risen 0.20% since April 7, 2016 and is uptrending. It has underperformed by 4.58% the S&P500.

EMC Insurance Group Inc. is an insurance holding company. The company has a market cap of $537.51 million. The Firm operates through two divisions: Property and Casualty Insurance and Reinsurance segment. It has a 15.03 P/E ratio. It conducts its property and casualty insurance activities through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance activities through its subsidiary, EMC Reinsurance Company.

Insitutional Activity: The institutional sentiment decreased to 1.41 in Q2 2016. Its down 0.42, from 1.83 in 2016Q1. The ratio turned negative, as 4 funds sold all EMC Insurance Group Inc. shares owned while 23 reduced positions. 7 funds bought stakes while 31 increased positions. They now own 5.90 million shares or 13.05% less from 6.79 million shares in 2016Q1.
Prudential last reported 55,587 shares in the company. Dalton Greiner Hartman Maher has invested 0.1% of its portfolio in EMC Insurance Group Inc. (NASDAQ:EMCI). Deutsche Financial Bank Ag, a Germany-based fund reported 5,449 shares. The Pennsylvania-based Federated Invsts Inc Pa has invested 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). The Minnesota-based Ameriprise Financial has invested 0% in EMC Insurance Group Inc. (NASDAQ:EMCI). Metropolitan Life Ins Co Ny holds 0% or 5,687 shares in its portfolio. Moreover, Legal And General Grp Incorporated Plc has 0% invested in EMC Insurance Group Inc. (NASDAQ:EMCI) for 1,054 shares. Us Fincl Bank De holds 0% or 34,065 shares in its portfolio. Strs Ohio accumulated 20,200 shares or 0% of the stock. Jnba Financial Advsr last reported 1,500 shares in the company. Blackrock Inv Mngmt Ltd Llc holds 37,014 shares or 0% of its portfolio. Blackrock Institutional Trust Na owns 308,575 shares or 0% of their US portfolio. Moreover, Cap Returns Management Ltd Limited Liability Company has 3.61% invested in EMC Insurance Group Inc. (NASDAQ:EMCI) for 232,879 shares. Tower Research Capital Ltd Liability Corporation (Trc) reported 96 shares or 0% of all its holdings. Dimensional Fund Advsr L P accumulated 0.03% or 1.76 million shares.

Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 8 sales for $222,711 net activity. Paine Ronald Allan sold $10,384 worth of EMC Insurance Group Inc. (NASDAQ:EMCI) on Wednesday, August 31. 1,242 shares were sold by SIMONETTA LISA ANNE, worth $32,905. Shares for $13,500 were sold by REESE MARK E on Tuesday, May 24.

EMC Insurance Group Inc. (NASDAQ:EMCI) Ratings Coverage

Out of 2 analysts covering EMC Insurance Group (NASDAQ:EMCI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. EMC Insurance Group has been the topic of 4 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The rating was initiated by Keefe Bruyette & Woods with “Market Perform” on Tuesday, October 20. The stock of EMC Insurance Group Inc. (NASDAQ:EMCI) earned “Buy” rating by Sandler O’Neill on Wednesday, September 9. The stock of EMC Insurance Group Inc. (NASDAQ:EMCI) earned “Buy” rating by Sandler O’Neill on Wednesday, January 20. As per Friday, December 18, the company rating was downgraded by Sandler O’Neill.

More notable recent EMC Insurance Group Inc. (NASDAQ:EMCI) news were published by: Finance.Yahoo.com which released: “EMC Insurance Group posts 3Q profit” on November 04, 2016, also Globenewswire.com with their article: “EMC Insurance Group Inc. Increases and Declares Quarterly Cash Dividend, and …” published on November 02, 2016, Nasdaq.com published: “RSI Alert: EMC Insurance Group Now Oversold” on October 27, 2016. More interesting news about EMC Insurance Group Inc. (NASDAQ:EMCI) were released by: Globenewswire.com and their article: “EMC Insurance Group Inc. Announces 2016 Second Quarter Earnings Call and …” published on July 14, 2016 as well as Nasdaq.com‘s news article titled: “EMC Insurance Group Inc. Announces 2016 Third Quarter Earnings Call and Access …” with publication date: October 11, 2016.

EMCI Company Profile

EMC Insurance Group Inc., incorporated November 19, 1974, is an insurance holding company. The Firm operates through two divisions: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance activities through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance activities through its subsidiary, EMC Reinsurance Company. The Firm focuses on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses. The Firm offers its insurance products in approximately 40 states in the United States. The Firm is owned by Employers Mutual Casualty Company (Employers Mutual), a multiple-line property and casualty insurance company.

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