Dark Forest Capital Management LP Purchases Shares of 6,356 Employers Holdings, Inc. (NYSE:EIG)

Dark Forest Capital Management LP acquired a new position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,356 shares of the financial services provider's stock, valued at approximately $326,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its position in Employers by 50.1% in 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 last quarter. Sanctuary Advisors LLC increased its holdings in shares of 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 buying an additional 252 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Employers by 10.8% in 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 during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock valued at $25,000 after buying an additional 365 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 700 shares during the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Ann Marie Smith sold 1,385 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 8,801 shares in the company, valued at approximately $450,963.24. This trade represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Kroner sold 2,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $50.90, for a total value of $101,800.00. Following the completion of the transaction, the director now directly owns 25,458 shares of the company's stock, valued at approximately $1,295,812.20. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,385 shares of company stock worth $276,267 in the last three months. Corporate insiders own 1.50% of the company's stock.

Employers Price Performance

Shares of NYSE EIG opened at $48.52 on Monday. Employers Holdings, Inc. has a 1-year low of $40.57 and a 1-year high of $54.44. The business's 50 day moving average is $49.29 and its two-hundred day moving average is $50.08. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.30 and a beta of 0.29.

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

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Wednesday, March 5th. Employers's payout ratio is presently 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.

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