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

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

Employers Stock Up 0.9 %

NYSE:EIG opened at $51.24 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 10.88 and a beta of 0.27. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The business has a 50 day moving average price of $49.65 and a two-hundred day moving average price of $49.50.

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

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Wednesday, March 5th. Employers’s payout ratio is 25.48%.

Institutional Trading of Employers

A number of hedge funds and other institutional investors have recently modified their holdings of EIG. Norges Bank bought a new position in Employers in the fourth quarter valued at approximately $8,935,000. Raymond James Financial Inc. acquired a new stake in shares of Employers in the 4th quarter valued at approximately $7,451,000. JPMorgan Chase & Co. grew its stake in shares of Employers by 158.7% in the fourth quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock valued at $10,538,000 after buying an additional 126,186 shares in the last quarter. American Century Companies Inc. grew its stake in shares of 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 in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Employers during the fourth quarter worth $2,451,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EIG. StockNews.com cut Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial upped their price target on shares of Employers from $55.00 to $58.00 and gave the company a “buy” rating in a report on Friday, November 1st.

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.