Employers Holdings, Inc. (NYSE:EIG) Director Sells $51,500.00 in Stock

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) 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 Down 1.3 %

Shares of NYSE:EIG traded down $0.68 during midday trading on Tuesday, hitting $51.41. The company had a trading volume of 51,899 shares, compared to its average volume of 117,735. Employers Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $54.44. The firm has a fifty day simple moving average of $49.71 and a 200 day simple moving average of $49.66. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 10.92 and a beta of 0.27.

Employers (NYSE:EIG - Get Free Report) last posted 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 company had revenue of $216.60 million during the quarter, compared to analyst estimates of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. Equities analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

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Employers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, March 5th. Employers's payout ratio is presently 25.48%.

Hedge Funds Weigh In On Employers

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake 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 buying an additional 365 shares during the period. Aquatic Capital Management LLC acquired a new position in Employers in the fourth quarter valued at about $29,000. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 199 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Employers during the fourth quarter worth about $48,000. Finally, FMR LLC lifted its holdings 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 purchasing an additional 200 shares in the last quarter. 80.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Employers from a "buy" rating to a "hold" rating in a research note 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.