Employers Holdings, Inc. (NYSE:EIG) Insider Sells $70,967.40 in Stock

Employers Holdings, Inc. (NYSE:EIG) insider Ann Marie Smith sold 1,385 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total value of $70,967.40. Following the completion of the transaction, the insider now owns 8,801 shares in the company, valued at $450,963.24. The trade was a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Employers Trading Up 1.2 %

Shares of NYSE:EIG traded up $0.63 on Friday, reaching $51.77. 162,352 shares of the company traded hands, compared to its average volume of 132,171. The business’s 50-day simple moving average is $49.67 and its 200 day simple moving average is $49.51. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week 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.

Employers (NYSE:EIG) last posted its earnings results 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. 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%. Sell-side analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Employers

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake 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 worth $31,000 after acquiring an additional 199 shares during the last quarter. FMR LLC boosted its position 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 acquiring an additional 200 shares during the last quarter. HighTower Advisors LLC lifted its position in Employers by 1.6% during the third quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 227 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Employers by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 252 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Employers by 10.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

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.