Isthmus Partners LLC Sells 273 Shares of Employers Holdings, Inc. (NYSE:EIG)

Isthmus Partners LLC cut its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,134 shares of the financial services provider’s stock after selling 273 shares during the period. Isthmus Partners LLC owned about 0.26% of Employers worth $3,286,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Employers by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider’s stock worth $21,684,000 after buying an additional 4,479 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Employers in the fourth quarter worth approximately $7,451,000. Principal Financial Group Inc. lifted its holdings in shares of Employers by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 119,849 shares of the financial services provider’s stock worth $6,140,000 after acquiring an additional 2,768 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Employers by 18.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock valued at $3,814,000 after purchasing an additional 12,422 shares during the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

Employers Stock Down 1.3 %

Shares of EIG opened at $48.78 on Monday. The company has a market capitalization of $1.19 billion, a P/E ratio of 10.36 and a beta of 0.21. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The firm has a 50 day moving average of $49.61 and a 200 day moving average of $49.76.

Employers (NYSE:EIG) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. The business had revenue of $216.60 million during 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 expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. Employers’s dividend payout ratio is currently 25.48%.

Insider Transactions at Employers

In other Employers news, insider Ann Marie Smith sold 1,385 shares of Employers stock in a transaction on Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the sale, the insider now directly owns 8,801 shares of the company’s stock, valued at $450,963.24. The trade was a 13.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Kroner sold 2,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total value of $101,800.00. Following the sale, the director now directly owns 25,458 shares in the company, valued at $1,295,812.20. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,385 shares of company stock valued at $276,267. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

About Employers

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.