Employers Holdings, Inc. (NYSE:EIG) Director Sells $52,000.00 in Stock

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the transaction, the director now owns 22,458 shares in the company, valued at approximately $1,167,816. This trade represents a 4.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Employers Price Performance

Shares of NYSE:EIG opened at $52.17 on Tuesday. The company has a market capitalization of $1.29 billion, a P/E ratio of 11.08 and a beta of 0.27. Employers Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $54.44. The business’s 50 day simple moving average is $49.71 and its 200 day simple moving average is $49.66.

Employers (NYSE:EIG) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. The business had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. On average, sell-side analysts anticipate that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, March 5th. Employers’s dividend payout ratio is currently 25.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Institutional Investors Weigh In On Employers

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Employers by 0.6% during the third quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider’s stock worth $27,800,000 after buying an additional 3,349 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Employers by 9.5% in the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock valued at $28,953,000 after purchasing an additional 48,844 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Employers by 0.7% in the 4th quarter. Northern Trust Corp now owns 506,140 shares of the financial services provider’s stock valued at $25,930,000 after purchasing an additional 3,364 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Employers by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider’s stock valued at $21,684,000 after purchasing an additional 4,479 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Employers by 3.8% in the 4th quarter. Boston Partners now owns 280,489 shares of the financial services provider’s stock valued at $14,248,000 after purchasing an additional 10,158 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers’ compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.