145,451 Shares in Employers Holdings, Inc. (NYSE:EIG) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Employers Holdings, Inc. (NYSE:EIG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 145,451 shares of the financial services provider's stock, valued at approximately $7,451,000. Raymond James Financial Inc. owned approximately 0.59% of Employers as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Employers by 312.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock worth $25,000 after buying an additional 365 shares in the last quarter. Versant Capital Management Inc grew its position in Employers by 50.1% in the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 199 shares during the period. FMR LLC lifted its holdings in shares of Employers by 15.2% during the third 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 period. GAMMA Investing LLC boosted its stake in shares of Employers by 61.1% in the 4th quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings 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 worth $137,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 80.49% of the company's stock.

Employers Trading Down 0.8 %

Shares of Employers stock traded down $0.39 during mid-day trading on Friday, reaching $48.52. 125,338 shares of the stock were exchanged, compared to its average volume of 135,859. Employers Holdings, Inc. has a fifty-two week low of $40.57 and a fifty-two week high of $54.44. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 10.30 and a beta of 0.29. The firm has a 50-day simple moving average of $49.29 and a 200 day simple moving average of $50.07.

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

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.47%. Employers's payout ratio is 25.48%.

Insider Buying and Selling

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the firm'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 transaction, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. This trade represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Kroner sold 1,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,208,087. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,385 shares of company stock valued at $276,267 over the last ninety days. Insiders own 1.50% 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.