Key Developments For EMC Insurance Group Inc
EMC Insurance Group Inc (EMCI.O) (Nasdaq)
EMC Insurance Group Inc. Declares Quarterly Dividend
The Board of Directors of EMC Insurance Group Inc. declared a quarterly dividend of $0.18 per share of common stock payable December 3, 2009, to shareholders of record as of November 23, 2009.
EMC Insurance Group Inc. Reaffirms FY 2009 EPS Guidance
EMC Insurance Group reaffirmed its fiscal 2009 operating income guidance to a range of $1.80-$2.05 per share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $1.90 for the same period.
EMC Insurance Group Inc. Announces Sale of Shares of Verisk Analytics, Inc.
EMC Insurance Group Inc. announced that it expects to record an after-tax realized gain of approximately $14.6 million, or $1.10 per share, in the fourth quarter on the sale of its common stock investment in Verisk Analytics, Inc. (formerly known as Insurance Services Office, Inc.) completed its Initial Public Offering on October 7, 2009. In conjunction with that IPO, the Company sold 100% of its holdings of Verisk (1,064,100 shares) at a price of $21.12 per share ($22.00 sales price less a 4% underwriters’ fee).
EMC Insurance Group Inc. Reaffirms FY 2009 EPS Guidance
EMC Insurance Group reaffirmed its fiscal 2009 operating income guidance to a range of $1.80-$2.05 per share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $1.85 for the same period.
EMC Insurance Group Inc. Declares Quarterly Dividend
EMC Insurance Group Inc. announced that it has declared a quarterly dividend of $0.18 per share of common stock payable September 15, 2009 to shareholders of record as of September 8, 2009.
