Teacher Retirement System of Texas Sells 50,992 Shares of Employers Holdings Inc (NYSE:EIG)

Teacher Retirement System of Texas decreased its holdings in Employers Holdings Inc (NYSE:EIG - Free Report) by 34.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,829 shares of the financial services provider's stock after selling 50,992 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.40% of Employers worth $4,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Employers by 5,792.9% during the first quarter. GAMMA Investing LLC now owns 108,724 shares of the financial services provider's stock worth $5,506,000 after acquiring an additional 106,879 shares during the last quarter. Deutsche Bank AG raised its position in shares of Employers by 121.1% during the fourth quarter. Deutsche Bank AG now owns 51,742 shares of the financial services provider's stock worth $2,651,000 after acquiring an additional 28,343 shares during the last quarter. Vest Financial LLC bought a new stake in shares of Employers during the first quarter worth $860,000. Assenagon Asset Management S.A. raised its position in shares of Employers by 439.5% during the first quarter. Assenagon Asset Management S.A. now owns 50,669 shares of the financial services provider's stock worth $2,566,000 after acquiring an additional 41,277 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Employers by 103.3% during the fourth quarter. Intech Investment Management LLC now owns 12,517 shares of the financial services provider's stock worth $641,000 after purchasing an additional 6,359 shares during the period. Institutional investors own 80.49% of the company's stock.

Employers Stock Performance

NYSE:EIG traded up $0.06 during mid-day trading on Friday, hitting $46.24. The company had a trading volume of 153,098 shares, compared to its average volume of 142,712. Employers Holdings Inc has a fifty-two week low of $42.82 and a fifty-two week high of $54.44. The firm has a market cap of $1.11 billion, a P/E ratio of 11.22 and a beta of 0.54. The business's fifty day moving average is $47.89 and its two-hundred day moving average is $48.87.

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. Employers had a net margin of 11.99% and a return on equity of 9.21%. The business had revenue of $202.60 million for the quarter, compared to analyst estimates of $216.81 million. During the same quarter last year, the firm earned $0.67 EPS. Employers's quarterly revenue was down 9.2% compared to the same quarter last year. Equities analysts forecast that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.77%. This is a boost from Employers's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, May 14th. Employers's payout ratio is presently 31.07%.

Insider Transactions at Employers

In other Employers news, EVP Michael Pedraja bought 3,050 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $48.59 per share, with a total value of $148,199.50. Following the completion of the purchase, the executive vice president owned 7,330 shares in the company, valued at approximately $356,164.70. The trade was a 71.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John M. Mutschink sold 2,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total value of $98,240.00. Following the completion of the transaction, the executive vice president directly owned 19,789 shares of the company's stock, valued at approximately $972,035.68. The trade was a 9.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.