Thrivent Financial for Lutherans Trims Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

Thrivent Financial for Lutherans decreased its holdings in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,256 shares of the financial services provider's stock after selling 7,156 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Employers worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Employers in the fourth quarter worth about $7,451,000. Barclays PLC lifted its position in shares of Employers by 300.2% during the third quarter. Barclays PLC now owns 41,501 shares of the financial services provider's stock worth $1,991,000 after purchasing an additional 31,131 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Employers by 181.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,205 shares of the financial services provider's stock valued at $1,240,000 after purchasing an additional 15,617 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Employers by 18.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider's stock worth $3,814,000 after purchasing an additional 12,422 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Employers by 22.9% in the third quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider's stock valued at $2,350,000 after purchasing an additional 9,138 shares in the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Transactions at Employers

In related news, insider Ann Marie Smith sold 1,385 shares of the company'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 sale, the insider now owns 8,801 shares in the company, valued at $450,963.24. This represents a 13.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James R. Kroner sold 1,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.50, for a total transaction of $51,500.00. Following the completion of the transaction, the director now owns 23,458 shares in the company, valued at approximately $1,208,087. This represents a 4.09 % 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 corporate insiders.

Employers Price Performance

EIG traded down $0.27 during trading on Wednesday, hitting $51.04. 110,681 shares of the stock traded hands, compared to its average volume of 132,188. The business has a 50 day moving average price of $49.74 and a 200 day moving average price of $50.05. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 10.84 and a beta of 0.21.

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 (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.07. The business had revenue of $216.60 million during 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, equities research analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 yield of 2.35%. The ex-dividend date was Wednesday, March 5th. Employers's dividend payout ratio (DPR) is presently 25.48%.

Wall Street Analysts Forecast Growth

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

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.