Deutsche Bank AG Boosts Position in Employers Holdings, Inc. (NYSE:EIG)

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

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock worth $25,000 after buying an additional 365 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Employers during the 4th quarter worth approximately $29,000. PNC Financial Services Group Inc. raised its position in Employers by 10.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock worth $137,000 after buying an additional 262 shares during the last quarter. Jump Financial LLC purchased a new position in Employers during the 4th quarter worth approximately $230,000. Finally, Ieq Capital LLC purchased a new position in Employers during the 4th quarter worth approximately $232,000. 80.49% of the stock is owned by hedge funds and other institutional investors.

Employers Trading Down 1.5%

EIG opened at $48.63 on Thursday. Employers Holdings, Inc. has a 12-month low of $40.57 and a 12-month high of $54.44. The firm has a market capitalization of $1.17 billion, a PE ratio of 10.32 and a beta of 0.56. The firm has a 50 day moving average of $48.97 and a two-hundred day moving average of $50.13.

Employers (NYSE:EIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.18. The firm had revenue of $202.60 million during 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%. The business's quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. As a group, analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Increases Dividend

The company also recently announced 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 represents a $1.28 annualized dividend and a dividend yield of 2.63%. This is a positive change from Employers's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, May 14th. Employers's payout ratio is 31.07%.

Insider Activity

In other news, insider Ann Marie Smith sold 1,385 shares of Employers stock in a transaction that occurred on 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 of the company's stock, valued at $450,963.24. The trade was a 13.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Kroner sold 1,000 shares of Employers stock in a transaction that occurred 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 transaction, the director now directly owns 22,458 shares of the company's stock, valued at approximately $1,167,816. This trade represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,385 shares of company stock valued at $276,267 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Employers Company 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.

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