Vanguard Group Inc. Sells 120,419 Shares of Employers Holdings Inc $EIG

Vanguard Group Inc. reduced its position in shares of Employers Holdings Inc (NYSE:EIG) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,779,089 shares of the financial services provider’s stock after selling 120,419 shares during the quarter. Vanguard Group Inc. owned about 11.82% of Employers worth $118,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Employers by 32.8% in the 1st quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 1,490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Employers by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,685 shares of the financial services provider’s stock valued at $744,000 after buying an additional 644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Employers by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 67,992 shares of the financial services provider’s stock valued at $3,443,000 after acquiring an additional 5,696 shares during the last quarter. Jane Street Group LLC grew its holdings in Employers by 738.8% during the 1st quarter. Jane Street Group LLC now owns 40,448 shares of the financial services provider’s stock worth $2,048,000 after acquiring an additional 35,626 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Employers by 73.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 71,361 shares of the financial services provider’s stock valued at $3,367,000 after acquiring an additional 30,243 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Price Performance

EIG opened at $42.36 on Thursday. The stock has a market cap of $825.17 million, a P/E ratio of 128.36 and a beta of 0.57. Employers Holdings Inc has a 12 month low of $35.73 and a 12 month high of $51.48. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $43.37 and a 200 day simple moving average of $41.98.

Employers (NYSE:EIG) last posted its earnings results on Thursday, February 19th. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.25. Employers had a return on equity of 2.10% and a net margin of 1.26%.The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $217.35 million. During the same period in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was down 21.3% on a year-over-year basis. On average, research analysts expect that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a $0.32 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. Employers’s payout ratio is currently 387.88%.

Insider Transactions at Employers

In other Employers news, EVP Michael Pedraja bought 2,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of $39.73 per share, with a total value of $79,460.00. Following the purchase, the executive vice president owned 19,830 shares in the company, valued at $787,845.90. This trade represents a 11.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EIG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. Wall Street Zen raised Employers from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research upgraded Employers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Employers Profile

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.