LSV Asset Management Sells 76,100 Shares of Employers Holdings, Inc. (NYSE:EIG)

LSV Asset Management lowered its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 997,574 shares of the financial services provider's stock after selling 76,100 shares during the quarter. LSV Asset Management owned about 4.04% of Employers worth $51,106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in Employers by 50.1% in 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 during the last quarter. FMR LLC grew its position in 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 buying an additional 200 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Employers by 1.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider's stock worth $708,000 after buying an additional 227 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Employers by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider's stock worth $488,000 after buying an additional 252 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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 during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Up 0.5 %

NYSE EIG traded up $0.25 on Wednesday, reaching $48.56. The company had a trading volume of 22,651 shares, compared to its average volume of 135,205. The stock's 50 day moving average is $49.39 and its 200-day moving average is $50.04. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 10.31 and a beta of 0.29. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week 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 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.07. The company had revenue of $216.60 million during the quarter, compared to the consensus estimate of $221.18 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. As a group, analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.47%. The ex-dividend date was Wednesday, March 5th. Employers's dividend payout ratio (DPR) is presently 25.48%.

Insiders Place Their Bets

In other news, insider Ann Marie Smith sold 1,385 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the sale, the insider now directly owns 8,801 shares of the company's stock, valued at $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Kroner sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the sale, the director now directly owns 22,458 shares of the company's stock, valued at $1,167,816. The trade was a 4.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,385 shares of company stock valued at $276,267. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Employers from a "buy" rating to a "hold" rating in a research note 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.