Dark Forest Capital Management LP Purchases Shares of 6,356 Employers Holdings, Inc. (NYSE:EIG)

Dark Forest Capital Management LP acquired a new position in shares of Employers Holdings, Inc. (NYSE:EIG) in the 4th quarter, Holdings Channel reports. The fund acquired 6,356 shares of the financial services provider’s stock, valued at approximately $326,000.

Several other large investors have also added to or reduced their stakes in EIG. Smartleaf Asset Management LLC increased its stake in shares of Employers by 312.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 365 shares during the period. Versant Capital Management Inc grew its position in 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 purchasing an additional 199 shares during the period. GAMMA Investing LLC grew its position in Employers by 61.1% during the 4th quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 700 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Employers by 10.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock valued at $137,000 after buying an additional 262 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Employers in the 4th quarter valued at about $230,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Insider Activity

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the transaction, the insider now directly owns 8,801 shares in the company, valued at approximately $450,963.24. This represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Kroner sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $52.00, for a total transaction of $52,000.00. Following the sale, the director now directly owns 22,458 shares of the company’s stock, valued at $1,167,816. This represents a 4.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,385 shares of company stock worth $276,267 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Employers Stock Down 0.8 %

Employers stock opened at $48.52 on Monday. Employers Holdings, Inc. has a 52 week low of $40.57 and a 52 week high of $54.44. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 10.30 and a beta of 0.29. The business’s 50-day moving average price is $49.29 and its 200 day moving average price is $50.08.

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 the consensus estimate of $1.08 by $0.07. Employers had a net margin of 13.47% and a return on equity of 8.99%. The firm had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Equities analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Wednesday, March 5th. Employers’s payout ratio is currently 25.48%.

Employers 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.