Employers Holdings, Inc. (NYSE:EIG) Stock Holdings Trimmed by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 90.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,822 shares of the financial services provider's stock after selling 44,160 shares during the quarter. Jane Street Group LLC's holdings in Employers were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EIG. Smartleaf Asset Management LLC lifted its holdings 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 bought a new position in Employers during the 4th quarter worth approximately $29,000. PNC Financial Services Group Inc. lifted its holdings 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 bought a new position in Employers during the 4th quarter worth approximately $230,000. Finally, Ieq Capital LLC bought a new position in Employers during the 4th quarter worth approximately $232,000. Institutional investors and hedge funds own 80.49% of the company's stock.

Employers Stock Up 0.8%

NYSE:EIG traded up $0.36 during trading hours on Friday, reaching $47.56. 213,403 shares of the stock were exchanged, compared to its average volume of 139,679. The firm has a 50 day simple moving average of $48.51 and a 200-day simple moving average of $49.75. Employers Holdings, Inc. has a 52 week low of $40.66 and a 52 week high of $54.44. The stock has a market capitalization of $1.14 billion, a P/E ratio of 10.10 and a beta of 0.56.

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

Employers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.69%. Employers's dividend payout ratio (DPR) is 31.07%.

Insider Buying and Selling

In related news, EVP John M. Mutschink sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $49.12, for a total value of $98,240.00. Following the sale, the executive vice president now owns 19,789 shares of the company's stock, valued at approximately $972,035.68. This trade represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Pedraja purchased 3,050 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $48.59 per share, for a total transaction of $148,199.50. Following the acquisition, the executive vice president now owns 7,330 shares in the company, valued at approximately $356,164.70. The trade was a 71.26% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company's stock.

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.