Insider Selling: Employers Holdings, Inc. (NYSE:EIG) Insider Sells 1,385 Shares of Stock

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) insider Ann Marie Smith sold 1,385 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Employers Stock Performance

NYSE:EIG traded up $0.37 during mid-day trading on Monday, hitting $52.17. 164,747 shares of the company's stock traded hands, compared to its average volume of 118,059. The company has a market cap of $1.29 billion, a PE ratio of 11.08 and a beta of 0.27. The firm's 50 day simple moving average is $49.68 and its 200 day simple moving average is $49.62. 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 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 during the quarter, compared to analysts' expectations of $221.18 million. On average, research analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. Employers's dividend payout ratio (DPR) is 25.48%.

Analysts Set New Price Targets

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

Institutional Trading of Employers

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in Employers by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider's stock valued at $27,800,000 after purchasing an additional 3,349 shares during the last quarter. American Century Companies Inc. raised its position in shares of Employers by 9.5% in the fourth quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider's stock valued at $28,953,000 after buying an additional 48,844 shares during the last quarter. Northern Trust Corp raised its position in shares of Employers by 0.7% in the fourth quarter. Northern Trust Corp now owns 506,140 shares of the financial services provider's stock valued at $25,930,000 after buying an additional 3,364 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Employers by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider's stock valued at $21,684,000 after buying an additional 4,479 shares during the period. Finally, Boston Partners boosted its position in Employers by 3.8% during the fourth quarter. Boston Partners now owns 280,489 shares of the financial services provider's stock worth $14,248,000 after acquiring an additional 10,158 shares during the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

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.