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 the stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 23,458 shares of the company’s stock, valued at $1,208,087. The trade was a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Employers Price Performance

EIG traded up $0.63 during trading on Friday, reaching $51.77. 162,352 shares of the company’s stock were exchanged, compared to its average volume of 132,171. Employers Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $54.44. The stock has a market capitalization of $1.28 billion, a P/E ratio of 10.99 and a beta of 0.27. The company’s fifty day simple moving average is $49.67 and its 200-day simple moving average is $49.51.

Employers (NYSE:EIG) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. The company had revenue of $216.60 million during the quarter, compared to analyst estimates of $221.18 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. Equities analysts forecast that Employers Holdings, Inc. will post 3.63 EPS 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 paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.32%. Employers’s payout ratio is 25.48%.

Institutional Investors Weigh In On Employers

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Employers during the 4th quarter worth approximately $4,688,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Employers by 10.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,296 shares of the financial services provider’s stock worth $3,191,000 after purchasing an additional 6,073 shares during the period. State of Wyoming grew its stake in shares of Employers by 42.9% during the 4th quarter. State of Wyoming now owns 6,466 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 1,941 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Employers in the 4th quarter valued at $137,000. Finally, ProShare Advisors LLC grew its stake in Employers by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 7,445 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 2,290 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analyst Ratings Changes

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

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.