Amundi Raises Position in Employers Holdings, Inc. (NYSE:EIG)

Amundi grew its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 187.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,016 shares of the financial services provider's stock after purchasing an additional 7,833 shares during the period. Amundi's holdings in Employers were worth $586,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted 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 purchasing an additional 199 shares during the period. FMR LLC grew its position in shares of Employers by 15.2% during the 3rd 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 during the period. HighTower Advisors LLC increased its stake in shares of Employers by 1.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider's stock valued at $708,000 after purchasing an additional 227 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Employers by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider's stock worth $488,000 after purchasing an additional 252 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position 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 purchasing an additional 262 shares in the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

Insider Activity at Employers

In other 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 value 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 approximately $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Kroner sold 1,000 shares of the 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 transaction, the director now directly owns 23,458 shares in the company, valued at approximately $1,208,087. The trade was a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,385 shares of company stock worth $276,267. Company insiders own 1.50% of the company's stock.

Employers Stock Up 1.5 %

NYSE:EIG traded up $0.74 on Monday, hitting $49.94. The stock had a trading volume of 132,471 shares, compared to its average volume of 153,725. The company has a fifty day moving average price of $49.59 and a two-hundred day moving average price of $49.89. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 10.60 and a beta of 0.21. Employers Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $54.44.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.07. Employers had a return on equity of 8.99% and a net margin of 13.47%. The company had revenue of $216.60 million during the quarter, compared to analyst estimates of $221.18 million. As a group, analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.20 annualized dividend and a yield of 2.40%. Employers's dividend payout ratio (DPR) is currently 25.48%.

Employers 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.