Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 57.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,429 shares of the financial services provider's stock after selling 7,414 shares during the quarter. Hsbc Holdings PLC's holdings in Employers were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in shares of Employers by 9.5% in the fourth quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider's stock valued at $28,953,000 after buying an additional 48,844 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Employers by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider's stock valued at $21,684,000 after acquiring an additional 4,479 shares during the last quarter. Boston Partners boosted its position in shares of Employers by 3.8% during the 4th quarter. Boston Partners now owns 280,489 shares of the financial services provider's stock valued at $14,248,000 after purchasing an additional 10,158 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Employers by 9.5% in the 4th quarter. Renaissance Technologies LLC now owns 278,400 shares of the financial services provider's stock worth $14,262,000 after purchasing an additional 24,100 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Employers by 4.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 225,466 shares of the financial services provider's stock worth $11,551,000 after purchasing an additional 8,748 shares in the last quarter. Institutional investors own 80.49% of the company's stock.

Insider Buying and Selling at Employers

In related news, Director James R. Kroner sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the sale, the director now directly owns 22,458 shares of the company's stock, valued at approximately $1,167,816. This represents a 4.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Pedraja bought 3,050 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $48.59 per share, for a total transaction of $148,199.50. Following the acquisition, the executive vice president now directly owns 7,330 shares in the company, valued at $356,164.70. This trade represents a 71.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 5,385 shares of company stock valued at $276,267. 1.40% of the stock is currently owned by corporate insiders.

Employers Stock Performance

Shares of NYSE:EIG opened at $49.56 on Friday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.52 and a beta of 0.56. Employers Holdings, Inc. has a 1-year low of $40.57 and a 1-year high of $54.44. The company has a 50 day moving average price of $48.97 and a 200 day moving average price of $50.06.

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

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.58%. The ex-dividend date is Wednesday, May 14th. This is an increase from Employers's previous quarterly dividend of $0.30. Employers's payout ratio is presently 31.07%.

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.

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