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 Friday, February 28th. The stock was sold at an average price of $51.50, for a total value of $51,500.00. Following the sale, the director now directly owns 23,458 shares of the company’s stock, valued at $1,208,087. This represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Employers Trading Up 1.2 %

Shares of NYSE:EIG opened at $51.77 on Friday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 10.99 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 has a 50-day moving average price of $49.68 and a two-hundred day moving average price of $49.56.

Employers (NYSE:EIG) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. The company had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. As a group, equities analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.32%. Employers’s dividend payout ratio (DPR) is presently 25.48%.

Institutional Trading of Employers

A number of institutional investors and hedge funds have recently modified their holdings of EIG. Smartleaf Asset Management LLC increased its stake 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 valued at $25,000 after acquiring an additional 365 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Employers in the 4th quarter valued at about $29,000. Versant Capital Management Inc increased its stake in shares of Employers by 50.1% in the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 199 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Employers in the 4th quarter valued at about $48,000. Finally, FMR LLC increased its stake 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 purchasing an additional 200 shares in the last quarter. 80.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.