Insider Selling: Employers Holdings, Inc. (NYSE:EIG) Director Sells 2,000 Shares of Stock

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $50.90, for a total transaction of $101,800.00. Following the completion of the sale, the director now directly owns 25,458 shares of the company’s stock, valued at approximately $1,295,812.20. The trade was a 7.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Employers Stock Performance

Shares of NYSE EIG opened at $51.77 on Friday. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44. The firm has a market cap of $1.28 billion, a PE ratio of 10.99 and a beta of 0.27. The firm has a fifty day moving average of $49.67 and a 200 day moving average of $49.51.

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 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 business had revenue of $216.60 million during the quarter, compared to analyst estimates of $221.18 million. On average, equities analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued 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 of this dividend is Wednesday, March 5th. Employers’s payout ratio is 25.48%.

Analyst Ratings Changes

Several equities research analysts recently commented on EIG shares. StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial boosted 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

A number of large investors have recently modified their holdings of EIG. Norges Bank purchased a new stake in shares of Employers during the fourth quarter worth $8,935,000. Raymond James Financial Inc. acquired a new position in shares of Employers during the 4th quarter valued at about $7,451,000. JPMorgan Chase & Co. boosted its position in shares of Employers by 158.7% during the 4th quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock valued at $10,538,000 after acquiring an additional 126,186 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Employers during the 4th quarter valued at about $4,688,000. Finally, American Century Companies Inc. boosted its position in shares of Employers by 9.5% during the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock valued at $28,953,000 after acquiring an additional 48,844 shares during the last quarter. Hedge funds and other 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.