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

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 1,000 shares of Employers stock in a transaction on Friday, February 28th. The stock was sold at an average price of $51.50, for a total transaction of $51,500.00. Following the sale, the director now owns 23,458 shares in the company, valued at $1,208,087. This represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Employers Stock Performance

Shares of NYSE:EIG opened at $51.77 on Friday. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $54.44. The company’s fifty day moving average is $49.68 and its 200-day moving average is $49.56. The company has a market capitalization of $1.28 billion, a PE ratio of 10.99 and a beta of 0.27.

Employers (NYSE:EIG) last issued its 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 company had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. On average, analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. Employers’s dividend payout ratio is presently 25.48%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Employers

Several institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Employers by 50.1% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after buying an additional 199 shares in the last quarter. FMR LLC lifted its position in Employers by 15.2% during the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after buying an additional 200 shares in the last quarter. HighTower Advisors LLC lifted its position in Employers by 1.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock worth $708,000 after buying an additional 227 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Employers by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider’s stock worth $488,000 after buying an additional 252 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Employers by 10.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock worth $137,000 after buying an additional 262 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.