Loomis Sayles & Co. L P Sells 15,849 Shares of Employers Holdings, Inc. (NYSE:EIG)

Loomis Sayles & Co. L P reduced its position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,020 shares of the financial services provider's stock after selling 15,849 shares during the quarter. Loomis Sayles & Co. L P owned 0.94% of Employers worth $11,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock worth $25,000 after purchasing an additional 365 shares during the last quarter. Versant Capital Management Inc increased its position in Employers by 50.1% during the fourth 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 last quarter. FMR LLC raised its stake in Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider's stock valued at $73,000 after buying an additional 200 shares during the period. GAMMA Investing LLC raised its stake in Employers by 61.1% in the fourth quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider's stock valued at $95,000 after buying an additional 700 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Employers by 10.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock valued at $137,000 after buying an additional 262 shares during the last quarter. 80.49% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

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

Insider Activity

In related news, 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James R. Kroner sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $50.90, for a total value of $101,800.00. Following the sale, the director now directly owns 25,458 shares in the company, valued at $1,295,812.20. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,385 shares of company stock valued at $276,267. 1.50% of the stock is owned by company insiders.

Employers Stock Performance

EIG traded down $0.40 on Wednesday, reaching $50.92. The company had a trading volume of 22,277 shares, compared to its average volume of 132,104. The company's fifty day moving average is $49.74 and its 200 day moving average is $50.05. The stock has a market cap of $1.24 billion, a P/E ratio of 10.81 and a beta of 0.21. Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.44.

Employers (NYSE:EIG - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. On average, sell-side analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 5th. Employers's dividend payout ratio is currently 25.48%.

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.