Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner Sells 1,000 Shares

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $52.00, for a total transaction of $52,000.00. Following the completion of the sale, the director now owns 22,458 shares of the company’s stock, valued at approximately $1,167,816. This represents a 4.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Employers Trading Up 0.7 %

Shares of EIG traded up $0.37 during trading hours on Monday, hitting $52.17. The company had a trading volume of 164,747 shares, compared to its average volume of 118,059. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44. The company’s fifty day moving average price is $49.68 and its two-hundred day moving average price is $49.62. The company has a market capitalization of $1.29 billion, a PE ratio of 11.08 and a beta of 0.27.

Employers (NYSE:EIG) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. Employers had a net margin of 13.47% and a return on equity of 8.99%. The business had revenue of $216.60 million during the quarter, compared to analyst estimates of $221.18 million. Analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.20 annualized dividend and a yield of 2.30%. Employers’s dividend payout ratio (DPR) is 25.48%.

Hedge Funds Weigh In On Employers

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in shares of Employers by 312.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 365 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Employers during the 4th quarter valued at about $29,000. Versant Capital Management Inc raised its stake in Employers by 50.1% in the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after buying an additional 199 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Employers in the fourth quarter worth about $48,000. Finally, FMR LLC grew its stake in shares of Employers by 15.2% during the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 200 shares during the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.