Dark Forest Capital Management LP Makes New $326,000 Investment in Employers Holdings, Inc. (NYSE:EIG)

Dark Forest Capital Management LP bought a new stake in Employers Holdings, Inc. (NYSE:EIG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,356 shares of the financial services provider's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MetLife Investment Management LLC grew its holdings in shares of Employers by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 15,177 shares of the financial services provider's stock valued at $778,000 after acquiring an additional 1,191 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Employers during the 4th quarter worth approximately $230,000. Mariner LLC increased its position in shares of Employers by 18.4% during the 4th quarter. Mariner LLC now owns 11,208 shares of the financial services provider's stock worth $574,000 after purchasing an additional 1,743 shares during the last quarter. Barclays PLC raised its stake in shares of Employers by 4.7% during the 4th quarter. Barclays PLC now owns 43,459 shares of the financial services provider's stock worth $2,227,000 after purchasing an additional 1,958 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Employers by 8.0% in the 4th quarter. Sterling Capital Management LLC now owns 9,635 shares of the financial services provider's stock valued at $494,000 after buying an additional 710 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Employers

In other Employers news, Director James R. Kroner sold 2,000 shares of Employers stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total transaction of $101,800.00. Following the completion of the transaction, the director now directly owns 25,458 shares of the company's stock, valued at $1,295,812.20. The trade was a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ann Marie Smith sold 1,385 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the transaction, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,385 shares of company stock worth $276,267. 1.40% of the stock is owned by company insiders.

Employers Stock Performance

EIG traded up $1.24 during trading on Friday, reaching $49.33. 224,433 shares of the stock were exchanged, compared to its average volume of 135,789. The stock's 50 day moving average price is $49.23 and its two-hundred day moving average price is $50.07. Employers Holdings, Inc. has a twelve month low of $40.57 and a twelve month high of $54.44. The stock has a market cap of $1.20 billion, a P/E ratio of 10.47 and a beta of 0.29.

Employers (NYSE:EIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.18. Employers had a net margin of 13.47% and a return on equity of 8.99%. The company had revenue of $202.60 million for the quarter, compared to analysts' expectations of $216.81 million. During the same period in the prior year, the firm earned $0.67 EPS. Employers's quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.32 per share. This is an increase from Employers's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, May 14th. Employers's payout ratio is currently 25.48%.

About Employers

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.