Employers (NYSE:EIG) EVP Michael Pedraja Purchases 2,000 Shares of Stock

Employers Holdings Inc (NYSE:EIG) EVP Michael Pedraja bought 2,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $39.73 per share, with a total value of $79,460.00. Following the acquisition, the executive vice president owned 19,830 shares in the company, valued at approximately $787,845.90. This represents a 11.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Employers Trading Up 2.4%

Shares of EIG stock opened at $40.14 on Wednesday. The firm has a market capitalization of $902.23 million, a price-to-earnings ratio of 121.62 and a beta of 0.57. The business’s 50-day moving average price is $43.52 and its 200-day moving average price is $41.99. Employers Holdings Inc has a 12 month low of $35.73 and a 12 month high of $52.28.

Employers (NYSE:EIG) last released its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $217.35 million. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The firm’s revenue was down 21.3% compared to the same quarter last year. On average, sell-side analysts predict that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. Employers’s dividend payout ratio (DPR) is presently 387.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EIG shares. Zacks Research upgraded Employers from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. Finally, Wall Street Zen raised Employers from a “sell” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of Employers

A number of institutional investors have recently bought and sold shares of EIG. Royal Bank of Canada grew its holdings in Employers by 32.8% during the 1st quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 1,490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Employers by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,685 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 worth $3,443,000 after purchasing an additional 5,696 shares in the last quarter. Jane Street Group LLC lifted its stake in Employers by 738.8% in the first quarter. Jane Street Group LLC now owns 40,448 shares of the financial services provider’s stock valued at $2,048,000 after buying an additional 35,626 shares during the period. Finally, Allianz Asset Management GmbH acquired a new position in Employers in the second quarter valued at approximately $719,000. Institutional investors own 80.49% of the company’s stock.

About Employers

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.