James R. Kroner Sells 1,000 Shares of Employers Holdings, Inc. (NYSE:EIG) Stock

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) Director James R. Kroner sold 1,000 shares of Employers stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the sale, the director now owns 22,458 shares of the company's stock, valued at approximately $1,167,816. This trade represents a 4.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Employers Price Performance

Shares of EIG stock traded down $0.67 during mid-day trading on Friday, hitting $48.78. The stock had a trading volume of 145,871 shares, compared to its average volume of 117,951. Employers Holdings, Inc. has a 12-month low of $38.67 and a 12-month high of $54.44. The firm's 50-day moving average is $49.65 and its two-hundred day moving average is $49.69. The firm has a market capitalization of $1.19 billion, a P/E ratio of 10.36 and a beta of 0.21.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 13.47% and a return on equity of 8.99%. Analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

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Employers Announces Dividend

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

Hedge Funds Weigh In On Employers

A number of large investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Employers by 300.2% in the 3rd quarter. Barclays PLC now owns 41,501 shares of the financial services provider's stock valued at $1,991,000 after acquiring an additional 31,131 shares during the period. MML Investors Services LLC boosted its position in Employers by 27.0% during the third quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider's stock valued at $326,000 after purchasing an additional 1,448 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Employers by 18.5% in the third quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider's stock valued at $3,814,000 after purchasing an additional 12,422 shares during the last quarter. Jane Street Group LLC raised its holdings in Employers by 22.9% in the third quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider's stock worth $2,350,000 after purchasing an additional 9,138 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Employers by 1.6% during the third quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider's stock valued at $708,000 after buying an additional 227 shares during the last quarter. Institutional investors own 80.49% of the company's stock.

Analyst Ratings Changes

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