Insider Selling: Employers Holdings, Inc. (NYSE:EIG) Insider Sells 1,385 Shares of Stock

Employers Holdings, Inc. (NYSE:EIG) insider Ann Marie Smith sold 1,385 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the transaction, the insider now owns 8,801 shares in the company, valued at approximately $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Employers Price Performance

EIG stock opened at $51.77 on Friday. The company has a fifty day moving average price of $49.67 and a two-hundred day moving average price of $49.51. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 10.99 and a beta of 0.27.

Employers (NYSE:EIG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 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 firm had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Research analysts anticipate that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.32%. Employers’s dividend payout ratio (DPR) is 25.48%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EIG shares. Truist Financial boosted their target price on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Hedge Funds Weigh In On Employers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in shares of Employers by 312.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 365 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Employers in the fourth quarter valued at about $29,000. Versant Capital Management Inc boosted its position in shares of Employers by 50.1% in the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 199 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Employers in the fourth quarter valued at about $48,000. Finally, FMR LLC boosted its position in shares of Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 200 shares during the period. 80.49% of the stock is owned by institutional investors.

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.