Employers (NYSE:EIG) Shares Cross Above 200-Day Moving Average of $43.90

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $43.90 and traded as high as $48.08. Employers shares last traded at $47.13, with a volume of 92,244 shares traded.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised shares of Employers to a "hold" rating in a research report on Thursday, August 1st.

Employers Stock Up 0.3 %

The stock's fifty day simple moving average is $44.78 and its 200 day simple moving average is $43.90. The firm has a market capitalization of $1.20 billion, a PE ratio of 9.99 and a beta of 0.24.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. Employers had a return on equity of 9.95% and a net margin of 13.76%. The company had revenue of $217.00 million for the quarter, compared to the consensus estimate of $223.82 million. During the same period in the previous year, the business earned $1.17 earnings per share. Employers's quarterly revenue was up .8% compared to the same quarter last year. On average, analysts predict that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. Employers's payout ratio is currently 25.42%.

Insider Transactions at Employers

In related news, insider Ann Marie Smith sold 1,764 shares of Employers stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $41.26, for a total transaction of $72,782.64. Following the sale, the insider now owns 6,741 shares of the company's stock, valued at approximately $278,133.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

Institutional Trading of Employers

Several hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System purchased a new position in Employers during the 4th quarter valued at approximately $508,000. Federated Hermes Inc. increased its position in Employers by 221.6% in the fourth quarter. Federated Hermes Inc. now owns 61,617 shares of the financial services provider's stock worth $2,428,000 after purchasing an additional 42,456 shares during the last quarter. New York State Common Retirement Fund raised its stake in Employers by 3.9% during the fourth quarter. New York State Common Retirement Fund now owns 21,561 shares of the financial services provider's stock valued at $850,000 after purchasing an additional 814 shares in the last quarter. LSV Asset Management raised its stake in Employers by 142.1% during the fourth quarter. LSV Asset Management now owns 502,843 shares of the financial services provider's stock valued at $19,812,000 after purchasing an additional 295,143 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Employers by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider's stock valued at $16,712,000 after purchasing an additional 26,555 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.

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.