Insider Selling: Employers Holdings, Inc. (NYSE:EIG) Director Sells $101,800.00 in Stock

Employers Holdings, Inc. (NYSE:EIG) 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 transaction of $101,800.00. Following the completion of the sale, the director now owns 25,458 shares of the company’s stock, valued at $1,295,812.20. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Employers Trading Up 1.2 %

Shares of NYSE EIG opened at $51.77 on Friday. Employers Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $54.44. The company has a 50 day simple moving average of $49.67 and a two-hundred day simple moving average of $49.51. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 10.99 and a beta of 0.27.

Employers (NYSE:EIG) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. Employers had a net margin of 13.47% and a return on equity of 8.99%. The business had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, March 5th. Employers’s dividend payout ratio (DPR) is 25.48%.

Analysts Set New Price Targets

A number of analysts recently commented on EIG shares. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial lifted their price objective on shares of Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Hedge Funds Weigh In On Employers

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 365 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Employers during the 4th quarter valued at approximately $29,000. Versant Capital Management Inc increased its holdings in shares of Employers by 50.1% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 199 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Employers during the 4th quarter valued at approximately $48,000. Finally, FMR LLC increased its holdings in shares of Employers by 15.2% during the 3rd 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 in the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

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.