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 dated Friday, February 28th. The shares were sold at an average price of $51.50, for a total transaction of $51,500.00. Following the transaction, the director now owns 23,458 shares of the company’s stock, valued at approximately $1,208,087. The trade was a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Employers Stock Up 1.2 %

Shares of NYSE:EIG opened at $51.77 on Friday. The company has a 50-day moving average price of $49.67 and a two-hundred day moving average price of $49.51. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The firm has a market capitalization of $1.28 billion, a PE ratio of 10.99 and a beta of 0.27.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. 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. StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Institutional Investors Weigh In On Employers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its stake in Employers by 300.2% in the third quarter. Barclays PLC now owns 41,501 shares of the financial services provider’s stock valued at $1,991,000 after purchasing an additional 31,131 shares in the last quarter. MML Investors Services LLC raised its stake in Employers by 27.0% in the third quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 1,448 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Employers by 18.5% in the third quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock valued at $3,814,000 after purchasing an additional 12,422 shares in the last quarter. Jane Street Group LLC raised its stake in Employers by 22.9% in the third quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider’s stock valued at $2,350,000 after purchasing an additional 9,138 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Employers by 1.6% in 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 in the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

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.