Cerity Partners LLC Takes $671,000 Position in Employers Holdings Inc (NYSE:EIG)

Cerity Partners LLC bought a new position in shares of Employers Holdings Inc (NYSE:EIG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,252 shares of the financial services provider's stock, valued at approximately $671,000. Cerity Partners LLC owned about 0.05% of Employers at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EIG. Aquatic Capital Management LLC acquired a new position in Employers during the fourth quarter worth $29,000. Lazard Asset Management LLC acquired a new position in Employers during the fourth quarter worth $48,000. GAMMA Investing LLC boosted its position in Employers by 16.4% during the first quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider's stock worth $109,000 after purchasing an additional 302 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Employers in the fourth quarter valued at $137,000. Finally, Jump Financial LLC acquired a new position in shares of Employers in the fourth quarter valued at $230,000. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Employers

In related news, EVP Michael Pedraja acquired 3,050 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $48.59 per share, for a total transaction of $148,199.50. Following the completion of the acquisition, the executive vice president directly owned 7,330 shares in the company, valued at approximately $356,164.70. This trade represents a 71.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John M. Mutschink sold 2,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total transaction of $98,240.00. Following the completion of the transaction, the executive vice president owned 19,789 shares in the company, valued at approximately $972,035.68. This represents a 9.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Employers Trading Down 0.5%

Shares of NYSE:EIG traded down $0.22 on Monday, hitting $45.75. The company had a trading volume of 139,211 shares, compared to its average volume of 149,531. Employers Holdings Inc has a 1-year low of $44.89 and a 1-year high of $54.44. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 11.11 and a beta of 0.54. The stock has a 50 day moving average price of $47.17 and a 200 day moving average price of $48.52.

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, beating the consensus estimate of $0.69 by $0.18. Employers had a net margin of 11.99% and a return on equity of 9.21%. The firm had revenue of $202.60 million for the quarter, compared to the consensus estimate of $216.81 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company's quarterly revenue was down 9.2% on a year-over-year basis. Sell-side analysts anticipate that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.32 dividend. 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 2.80%. The ex-dividend date of this dividend was Wednesday, May 14th. Employers's payout ratio is currently 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.