Balyasny Asset Management L.P. Acquires 5,694 Shares of Employers Holdings, Inc. (NYSE:EIG)

Balyasny Asset Management L.P. raised its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,064 shares of the financial services provider's stock after acquiring an additional 5,694 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Employers were worth $618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EIG. Norges Bank bought a new stake in shares of Employers in the fourth quarter valued at about $8,935,000. Raymond James Financial Inc. acquired a new position in Employers during the fourth quarter worth $7,451,000. JPMorgan Chase & Co. raised its stake in Employers by 158.7% in the 4th quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider's stock valued at $10,538,000 after acquiring an additional 126,186 shares during the period. American Century Companies Inc. lifted its holdings in Employers by 9.5% during the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider's stock valued at $28,953,000 after purchasing an additional 48,844 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Employers in the fourth quarter valued at $2,451,000. Institutional investors own 80.49% of the company's stock.

Insider Buying and Selling at Employers

In other news, Director James R. Kroner sold 1,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $52.00, for a total transaction of $52,000.00. Following the completion of the transaction, the director now directly owns 22,458 shares in the company, valued at approximately $1,167,816. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Pedraja acquired 3,050 shares of Employers stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $48.59 per share, for a total transaction of $148,199.50. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 5,385 shares of company stock worth $276,267 over the last 90 days. Insiders own 1.40% of the company's stock.

Employers Stock Up 0.3%

Shares of NYSE EIG traded up $0.15 during mid-day trading on Monday, reaching $49.85. 131,065 shares of the company were exchanged, compared to its average volume of 138,361. The company's 50-day simple moving average is $48.98 and its 200-day simple moving average is $50.13. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.58 and a beta of 0.56. Employers Holdings, Inc. has a twelve month low of $40.57 and a twelve month high of $54.44.

Employers (NYSE:EIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $202.60 million for the quarter, compared to analyst estimates of $216.81 million. During the same quarter in the prior year, the business posted $0.67 EPS. The business's revenue was down 9.2% compared to the same quarter last year. As a group, equities research analysts expect that Employers Holdings, Inc. will post 3.63 EPS 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 paid a $0.32 dividend. The ex-dividend date of this dividend 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 yield of 2.57%. Employers's dividend payout ratio (DPR) is 31.07%.

Employers 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.