Employers Holdings, Inc. (NYSE:EIG) Insider Ann Marie Smith Sells 1,385 Shares of Stock

Employers Holdings, Inc. (NYSE:EIG) insider Ann Marie Smith sold 1,385 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the sale, the insider now directly owns 8,801 shares of the company’s stock, valued at approximately $450,963.24. This represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Employers Stock 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’s 50-day moving average price is $49.67 and its two-hundred day moving average price is $49.51. The firm has a market cap of $1.28 billion, a P/E ratio of 10.99 and a beta of 0.27.

Employers (NYSE:EIG) 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. The firm had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. As a group, equities analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

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

Institutional Trading of Employers

Several hedge funds have recently bought and sold shares of EIG. QRG Capital Management Inc. raised its holdings in shares of Employers by 15.8% in the third quarter. QRG Capital Management Inc. now owns 32,315 shares of the financial services provider’s stock valued at $1,550,000 after purchasing an additional 4,415 shares during the last quarter. Meritage Portfolio Management raised its holdings in shares of Employers by 9.3% in the third quarter. Meritage Portfolio Management now owns 8,297 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 704 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Employers by 24.7% in the third quarter. Royce & Associates LP now owns 34,393 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 6,806 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Employers by 9.9% in the third quarter. Thrivent Financial for Lutherans now owns 31,412 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 2,838 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Employers by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider’s stock valued at $20,089,000 after purchasing an additional 1,296 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on EIG shares. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial increased their target price on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

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.