KLP Kapitalforvaltning AS Makes New Investment in Employers Holdings, Inc. (NYSE:EIG)

KLP Kapitalforvaltning AS purchased a new stake in Employers Holdings, Inc. (NYSE:EIG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,700 shares of the financial services provider's stock, valued at approximately $1,112,000. KLP Kapitalforvaltning AS owned 0.09% of Employers at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. raised its stake 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 acquiring an additional 48,844 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Employers by 4.4% during the 4th quarter. Teacher Retirement System of Texas now owns 148,821 shares of the financial services provider's stock valued at $7,624,000 after purchasing an additional 6,219 shares in the last quarter. Boston Partners grew its holdings in shares of 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 purchasing an additional 10,158 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Employers by 103.3% in the fourth quarter. Intech Investment Management LLC now owns 12,517 shares of the financial services provider's stock valued at $641,000 after buying an additional 6,359 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Employers by 12.0% in the fourth quarter. Royce & Associates LP now owns 38,535 shares of the financial services provider's stock valued at $1,974,000 after buying an additional 4,142 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

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Employers Stock Performance

NYSE EIG traded up $0.32 during trading hours on Thursday, reaching $51.36. 194,838 shares of the company's stock were exchanged, compared to its average volume of 132,400. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44. The company's 50-day moving average is $49.83 and its two-hundred day moving average is $50.06. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.90 and a beta of 0.21.

Employers (NYSE:EIG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. The business had revenue of $216.60 million for the quarter, compared to analysts' expectations of $221.18 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. Research analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

The business also recently announced 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. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 annualized dividend and a yield of 2.34%. Employers's payout ratio is presently 25.48%.

Insider Activity at Employers

In other news, insider Ann Marie Smith sold 1,385 shares of Employers stock in a transaction that occurred on 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 approximately $450,963.24. The trade was a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James R. Kroner sold 2,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total transaction of $101,800.00. Following the completion of the transaction, the director now directly owns 25,458 shares in the company, valued at $1,295,812.20. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,385 shares of company stock valued at $276,267. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Employers from a "buy" rating to a "hold" rating in a report 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.