Employers Holdings, Inc. (NYSE:EIG) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,860 shares of the financial services provider's stock after selling 27,883 shares during the period. AQR Capital Management LLC owned approximately 0.89% of Employers worth $11,315,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Employers by 300.2% in the 3rd quarter. Barclays PLC now owns 41,501 shares of the financial services provider's stock worth $1,991,000 after buying an additional 31,131 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Employers by 18.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider's stock worth $3,814,000 after buying an additional 12,422 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Employers by 181.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,205 shares of the financial services provider's stock worth $1,240,000 after buying an additional 15,617 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Employers by 103.3% in the 4th quarter. Intech Investment Management LLC now owns 12,517 shares of the financial services provider's stock worth $641,000 after buying an additional 6,359 shares in the last quarter. Finally, Amundi boosted its position in shares of Employers by 187.3% in the 4th quarter. Amundi now owns 12,016 shares of the financial services provider's stock worth $586,000 after buying an additional 7,833 shares in the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Employers

In related news, Director James R. Kroner sold 1,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $51.50, for a total value of $51,500.00. Following the completion of the transaction, the director now owns 23,458 shares of the company's stock, valued at approximately $1,208,087. The trade was a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Pedraja bought 3,050 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $48.59 per share, with a total value of $148,199.50. Following the purchase, the executive vice president now directly owns 7,330 shares in the company, valued at $356,164.70. The trade was a 71.26% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 5,385 shares of company stock valued at $276,267. 1.40% of the stock is owned by insiders.

Employers Stock Up 0.5%

Shares of Employers stock traded up $0.23 on Friday, hitting $49.56. The company's stock had a trading volume of 182,093 shares, compared to its average volume of 138,095. Employers Holdings, Inc. has a 52-week low of $40.57 and a 52-week high of $54.44. The firm has a fifty day moving average price of $48.97 and a 200-day moving average price of $50.08. The company has a market capitalization of $1.19 billion, a P/E ratio of 10.52 and a beta of 0.56.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.69 by $0.18. Employers had a net margin of 13.47% and a return on equity of 8.99%. The business had revenue of $202.60 million for the quarter, compared to analyst estimates of $216.81 million. During the same period in the previous year, the firm earned $0.67 EPS. The business's revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a $0.32 dividend. The ex-dividend date is Wednesday, May 14th. This is a positive change from Employers's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.58%. Employers's payout ratio is currently 31.07%.

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.