Employers Holdings, Inc. (NYSE:EIG) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 181.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,205 shares of the financial services provider's stock after purchasing an additional 15,617 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of Employers worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EIG. Smartleaf Asset Management LLC raised its holdings in Employers by 312.0% during the fourth 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 in the last quarter. Versant Capital Management Inc raised its holdings in 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 in the last quarter. FMR LLC raised its holdings in Employers by 15.2% during the third 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. GAMMA Investing LLC raised its holdings in Employers by 61.1% during the fourth quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider's stock worth $95,000 after purchasing an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised 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 purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company's stock.

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Employers Trading Down 1.9 %

Shares of Employers stock traded down $0.96 during trading on Friday, reaching $49.14. The company's stock had a trading volume of 968,914 shares, compared to its average volume of 121,273. The company has a 50-day moving average price of $49.59 and a two-hundred day moving average price of $49.88. The firm has a market cap of $1.20 billion, a PE ratio of 10.43 and a beta of 0.21. Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.44.

Employers (NYSE:EIG - Get Free Report) last announced its 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. Employers had a net margin of 13.47% and a return on equity of 8.99%. The business had revenue of $216.60 million for the quarter, compared to analysts' expectations of $221.18 million. On average, analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.44%. Employers's dividend payout ratio (DPR) is 25.48%.

Insider Activity at Employers

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the business'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 sale, the insider now directly owns 8,801 shares in the company, valued at approximately $450,963.24. The trade was a 13.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Kroner sold 1,000 shares of the company's 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 transaction, the director now directly owns 23,458 shares in the company, valued at approximately $1,208,087. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,385 shares of company stock worth $276,267 in the last three months. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

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

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.