Employers (NYSE:EIG) Insider Ann Marie Smith Sells 5,000 Shares of Stock

Employers Holdings Inc (NYSE:EIG) insider Ann Marie Smith sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the transaction, the insider owned 8,704 shares of the company’s stock, valued at approximately $341,980.16. The trade was a 36.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Employers Price Performance

Shares of NYSE:EIG traded up $0.13 during mid-day trading on Thursday, reaching $39.74. The stock had a trading volume of 19,640 shares, compared to its average volume of 282,341. The business’s 50 day moving average price is $43.06 and its 200 day moving average price is $41.89. Employers Holdings Inc has a 1 year low of $35.73 and a 1 year high of $51.48. The company has a market cap of $774.06 million, a P/E ratio of 120.98 and a beta of 0.57. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.02.

Employers (NYSE:EIG) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.25. The business had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $217.35 million. Employers had a return on equity of 2.10% and a net margin of 1.26%.The firm’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. Research analysts expect 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 18th. Investors of record on Wednesday, March 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. Employers’s dividend payout ratio (DPR) is 387.88%.

Hedge Funds Weigh In On Employers

Several large investors have recently modified their holdings of the stock. Boston Partners boosted its stake in Employers by 21.8% during the second quarter. Boston Partners now owns 355,041 shares of the financial services provider’s stock worth $16,252,000 after buying an additional 63,582 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Employers in the third quarter valued at $1,187,000. Exchange Traded Concepts LLC raised its stake in shares of Employers by 39.7% in the third quarter. Exchange Traded Concepts LLC now owns 66,116 shares of the financial services provider’s stock valued at $2,809,000 after acquiring an additional 18,793 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in shares of Employers by 80.5% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 132,289 shares of the financial services provider’s stock worth $5,620,000 after acquiring an additional 58,980 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Employers during the 3rd quarter worth about $908,000. Institutional investors own 80.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EIG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. Zacks Research upgraded shares of Employers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen cut shares of Employers from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Employers Company 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.