Teacher Retirement System of Texas Grows Position in Employers Holdings, Inc. (NYSE:EIG)

Teacher Retirement System of Texas increased its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,821 shares of the financial services provider's stock after buying an additional 6,219 shares during the period. Teacher Retirement System of Texas owned 0.60% of Employers worth $7,624,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in shares of Employers by 9.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,412 shares of the financial services provider's stock valued at $1,507,000 after acquiring an additional 2,838 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Employers by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider's stock worth $20,089,000 after buying an additional 1,296 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 purchasing an additional 200 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Employers by 30.1% in the third quarter. BNP Paribas Financial Markets now owns 7,371 shares of the financial services provider's stock worth $354,000 after acquiring an additional 1,707 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in Employers by 1.3% during the 3rd quarter. Martingale Asset Management L P now owns 31,489 shares of the financial services provider's stock valued at $1,511,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 80.49% of the company's stock.

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Insider Activity

In other news, Director James R. Kroner sold 2,000 shares of Employers 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 completion of the transaction, the director now owns 25,458 shares in the company, valued at approximately $1,295,812.20. The trade was a 7.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann Marie Smith sold 1,385 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the transaction, the insider now owns 8,801 shares in the company, valued at $450,963.24. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,385 shares of company stock worth $276,267. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Employers from a "buy" rating to a "hold" rating in a research report on Friday, December 20th.

Employers Price Performance

Shares of EIG stock traded up $0.31 during mid-day trading on Thursday, hitting $50.85. The company had a trading volume of 144,006 shares, compared to its average volume of 121,666. The company has a market capitalization of $1.24 billion, a P/E ratio of 10.80 and a beta of 0.21. The stock's 50 day moving average price is $49.66 and its 200-day moving average price is $49.93. 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 announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.07. Employers had a return on equity of 8.99% and a net margin of 13.47%. The company had revenue of $216.60 million during the quarter, compared to analyst estimates of $221.18 million. On average, equities research analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. Employers's dividend payout ratio (DPR) is presently 25.48%.

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.