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 company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the sale, the director now owns 22,458 shares in the company, valued at $1,167,816. The trade was a 4.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Employers Stock Performance

EIG opened at $52.17 on Tuesday. Employers Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $54.44. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.08 and a beta of 0.27. The business’s 50-day simple moving average is $49.71 and its 200 day simple moving average is $49.66.

Employers (NYSE:EIG) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.07. The business had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. On average, research analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.20 annualized dividend and a yield of 2.30%. Employers’s dividend payout ratio is 25.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Institutional Trading of Employers

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in Employers by 0.6% in the third quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider’s stock valued at $27,800,000 after buying an additional 3,349 shares during the period. American Century Companies Inc. raised its stake in Employers by 9.5% in the fourth quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock valued at $28,953,000 after buying an additional 48,844 shares during the period. Northern Trust Corp raised its stake in Employers by 0.7% in the fourth quarter. Northern Trust Corp now owns 506,140 shares of the financial services provider’s stock valued at $25,930,000 after buying an additional 3,364 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Employers by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider’s stock valued at $21,684,000 after buying an additional 4,479 shares during the period. Finally, Boston Partners raised its stake in Employers by 3.8% in the fourth quarter. Boston Partners now owns 280,489 shares of the financial services provider’s stock valued at $14,248,000 after buying an additional 10,158 shares during the period. 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.