Jane Street Group LLC Reduces Position in Employers Holdings, Inc. (NYSE:EIG)

Jane Street Group LLC cut its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 90.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 institutional investors have also modified their holdings of the business. Northern Trust Corp increased its holdings in shares of Employers by 0.7% in the fourth quarter. Northern Trust Corp now owns 506,140 shares of the financial services provider's stock valued at $25,930,000 after purchasing an additional 3,364 shares during the period. Tudor Investment Corp ET AL acquired a new position in Employers in the 4th quarter valued at $2,451,000. Aquatic Capital Management LLC purchased a new position in Employers during the 4th quarter worth $29,000. Susquehanna Fundamental Investments LLC purchased a new position in Employers during the 4th quarter worth $319,000. Finally, Oberweis Asset Management Inc. lifted its stake in shares of Employers by 3.9% in the 4th quarter. Oberweis Asset Management Inc. now owns 96,100 shares of the financial services provider's stock worth $4,923,000 after acquiring an additional 3,600 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John M. Mutschink sold 2,000 shares of the 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 sale, the executive vice president now directly owns 19,789 shares of the company's stock, valued at approximately $972,035.68. This represents a 9.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Pedraja bought 3,050 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $48.59 per share, with a total value of $148,199.50. Following the completion of the acquisition, the executive vice president now directly owns 7,330 shares in the company, valued at $356,164.70. This represents a 71.26% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.40% of the company's stock.

Employers Trading Up 0.8%

Shares of NYSE:EIG traded up $0.36 during midday trading on Friday, hitting $47.56. The stock had a trading volume of 213,403 shares, compared to its average volume of 139,447. Employers Holdings, Inc. has a 1 year low of $40.66 and a 1 year high of $54.44. The stock has a 50 day moving average price of $48.58 and a two-hundred day moving average price of $49.83. The company has a market capitalization of $1.14 billion, a PE ratio of 10.10 and a beta of 0.56.

Employers (NYSE:EIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 8.99% and a net margin of 13.47%. The firm's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. As a group, equities analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, May 14th. This is a boost from Employers's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.69%. Employers's dividend payout ratio is 31.07%.

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.