Employers Holdings Inc $EIG Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its position in shares of Employers Holdings Inc (NYSE:EIG) by 18.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,804 shares of the financial services provider’s stock after selling 18,295 shares during the quarter. Tudor Investment Corp ET AL owned about 0.36% of Employers worth $3,475,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Employers by 4.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,172 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 257 shares during the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Employers by 1.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 22,623 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 277 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Employers by 133.5% during the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 363 shares during the period. Rhumbline Advisers grew its holdings in shares of Employers by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 70,777 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 371 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Employers by 26.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,718 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 575 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 $40.69 on Friday. The stock’s 50-day moving average price is $42.11 and its 200 day moving average price is $41.64. Employers Holdings Inc has a 12-month low of $35.73 and a 12-month high of $51.48. The firm has a market cap of $792.56 million, a price-to-earnings ratio of 123.29 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 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 company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $217.35 million. Employers had a return on equity of 2.10% and a net margin of 1.26%.Employers’s revenue was down 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. As a group, sell-side analysts expect that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.32 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. Employers’s payout ratio is 387.88%.

Insider Buying and Selling

In other Employers news, insider Christina M. Ozuna sold 4,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $39.88, for a total transaction of $179,460.00. Following the sale, the insider directly owned 15,008 shares in the company, valued at $598,519.04. This represents a 23.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Pedraja purchased 2,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $39.73 per share, with a total value of $79,460.00. Following the purchase, the executive vice president owned 19,830 shares of the company’s stock, valued at approximately $787,845.90. This represents a 11.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on EIG. Zacks Research raised shares of Employers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Employers from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One 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, Employers currently 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.