Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner Sells 2,000 Shares

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total value of $101,800.00. Following the sale, the director now owns 25,458 shares in the company, valued at approximately $1,295,812.20. The trade was a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Employers Price Performance

EIG stock opened at $50.80 on Thursday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.79 and a beta of 0.27. Employers Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $54.44. The firm has a fifty day moving average price of $49.64 and a two-hundred day moving average price of $49.49.

Employers (NYSE:EIG) last posted its earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $216.60 million for the quarter, compared to analysts’ expectations of $221.18 million. As a group, analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Wednesday, March 5th. Employers’s dividend payout ratio (DPR) is 25.48%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EIG. Truist Financial increased their price target on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Institutional Trading of Employers

Several hedge funds have recently added to or reduced their stakes in EIG. Norges Bank bought a new position in shares of Employers in the fourth quarter valued at approximately $8,935,000. Raymond James Financial Inc. acquired a new position in shares of Employers in the fourth quarter worth about $7,451,000. JPMorgan Chase & Co. boosted its stake in Employers by 158.7% in the 4th quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock worth $10,538,000 after purchasing an additional 126,186 shares during the period. American Century Companies Inc. raised its stake in Employers by 9.5% during the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock valued at $28,953,000 after purchasing an additional 48,844 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Employers in the fourth quarter worth $2,451,000. Institutional investors own 80.49% of the company’s stock.

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.