Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 64,134 shares of the financial services provider’s stock after selling 273 shares during the quarter. Isthmus Partners LLC’s holdings in Employers were worth $3,286,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Employers by 312.0% during 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 during the period. Versant Capital Management Inc lifted its holdings in shares of Employers by 50.1% during the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 199 shares during the period. FMR LLC boosted its holdings in shares of Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Employers by 61.1% in the 4th quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Employers by 10.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Insider Buying and Selling

In related news, insider Ann Marie Smith sold 1,385 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the transaction, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. This represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Kroner sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 25,458 shares in the company, valued at approximately $1,295,812.20. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,385 shares of company stock valued at $276,267. 1.50% of the stock is owned by corporate insiders.

Employers Stock Down 1.3 %

Shares of EIG stock opened at $48.78 on Monday. The firm’s 50 day moving average price is $49.61 and its two-hundred day moving average price is $49.76. Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.44. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 10.36 and a beta of 0.21.

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

Employers Dividend Announcement

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

Analysts Set New Price Targets

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.