James R. Kroner Sells 2,000 Shares of Employers Holdings, Inc. (NYSE:EIG) Stock

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) Director James R. Kroner sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total value of $101,800.00. Following the completion of the sale, the director now directly owns 25,458 shares of the company's stock, valued at $1,295,812.20. The trade was a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Employers Price Performance

Shares of EIG stock traded up $0.63 during midday trading on Friday, reaching $51.77. 162,352 shares of the company traded hands, compared to its average volume of 132,171. The firm has a market cap of $1.28 billion, a PE ratio of 10.99 and a beta of 0.27. The firm's 50 day simple moving average is $49.68 and its two-hundred day simple moving average is $49.59. 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 posted its earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.07. The company had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. As a group, research analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.20 annualized dividend and a yield of 2.32%. Employers's payout ratio is currently 25.48%.

Institutional Investors Weigh In On Employers

Several hedge funds have recently made changes to their positions in EIG. Versant Capital Management Inc raised its position in shares of Employers by 50.1% in the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider's stock worth $31,000 after buying an additional 199 shares during the period. FMR LLC increased its stake 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 acquiring an additional 200 shares during the last quarter. HighTower Advisors LLC increased its stake in Employers by 1.6% during the third quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider's stock worth $708,000 after acquiring an additional 227 shares during the last quarter. Sanctuary Advisors LLC raised 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 purchasing an additional 252 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake 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 valued at $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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.