Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner Sells 1,000 Shares

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 1,000 shares of Employers stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the sale, the director now owns 22,458 shares of the company’s stock, valued at $1,167,816. The trade was a 4.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Employers Stock Down 1.1 %

Employers stock opened at $50.27 on Thursday. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The business has a fifty day moving average of $49.69 and a two-hundred day moving average of $49.70. The firm has a market cap of $1.24 billion, a P/E ratio of 10.67 and a beta of 0.27.

Employers (NYSE:EIG) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 earnings per share for the quarter, topping 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 firm had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Equities analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, March 5th. Employers’s payout ratio is currently 25.48%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Employers by 312.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 365 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Employers in the 4th quarter worth $29,000. Versant Capital Management Inc boosted its position in shares of Employers by 50.1% in the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 199 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Employers during the 4th quarter worth $48,000. Finally, FMR LLC increased its position in 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 buying an additional 200 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Wall Street Analyst Weigh In

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.