Intech Investment Management LLC Purchases 6,359 Shares of Employers Holdings, Inc. (NYSE:EIG)

Intech Investment Management LLC raised its position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 103.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,517 shares of the financial services provider's stock after acquiring an additional 6,359 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Employers worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EIG. Smartleaf Asset Management LLC raised its stake in Employers by 312.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 365 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Employers by 50.1% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider's stock valued at $31,000 after buying an additional 199 shares in the last quarter. FMR LLC lifted its holdings in shares of Employers by 15.2% in the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC grew its position in Employers by 61.1% in the fourth quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider's stock worth $95,000 after acquiring an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Employers by 10.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock worth $137,000 after acquiring an additional 262 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors.

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Employers Price Performance

Shares of EIG traded up $0.31 during midday trading on Thursday, hitting $50.85. The stock had a trading volume of 144,006 shares, compared to its average volume of 121,666. The stock's 50 day moving average is $49.66 and its 200 day moving average is $49.93. The firm has a market cap of $1.24 billion, a PE ratio of 10.80 and a beta of 0.21. 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 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 company had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. As a group, equities research analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, March 5th. Employers's payout ratio is currently 25.48%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Employers

In other news, Director James R. Kroner sold 1,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.50, for a total transaction of $51,500.00. Following the completion of the sale, the director now directly owns 23,458 shares of the company's stock, valued at approximately $1,208,087. The trade was a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann Marie Smith sold 1,385 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the transaction, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. This represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,385 shares of company stock valued at $276,267 in the last quarter. 1.50% of the stock is owned by insiders.

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.