Deutsche Bank AG Has $2.65 Million Stake in Employers Holdings, Inc. (NYSE:EIG)

Deutsche Bank AG grew its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 121.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,742 shares of the financial services provider's stock after purchasing an additional 28,343 shares during the period. Deutsche Bank AG owned about 0.21% of Employers worth $2,651,000 as of its most recent SEC filing.

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

Insider Activity at Employers

In other Employers news, EVP Michael Pedraja bought 3,050 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $48.59 per share, for a total transaction 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. This trade represents a 71.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Kroner sold 1,000 shares of Employers stock in a transaction that occurred on Friday, February 28th. The stock was 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 directly owns 23,458 shares in the company, valued at approximately $1,208,087. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,385 shares of company stock valued at $272,707. Corporate insiders own 1.40% of the company's stock.

Employers Price Performance

NYSE:EIG traded up $0.49 during mid-day trading on Tuesday, reaching $49.19. The stock had a trading volume of 115,847 shares, compared to its average volume of 139,221. The stock has a market cap of $1.18 billion, a P/E ratio of 10.44 and a beta of 0.56. The business's 50 day moving average is $48.86 and its 200 day moving average is $50.05. Employers Holdings, Inc. has a fifty-two week low of $40.57 and a fifty-two week high of $54.44.

Employers (NYSE:EIG - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $202.60 million for the quarter, compared to analyst estimates of $216.81 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. Employers's quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. Equities analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.32 per share. This is a positive change from Employers's previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, May 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.60%. Employers's dividend payout ratio is currently 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.