Nuveen Asset Management LLC Sells 39,924 Shares of Employers Holdings, Inc. (NYSE:EIG)

Nuveen Asset Management LLC lessened its position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,146 shares of the financial services provider's stock after selling 39,924 shares during the period. Nuveen Asset Management LLC owned 1.25% of Employers worth $15,786,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC grew its holdings in Employers by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider's stock worth $488,000 after acquiring an additional 252 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Employers by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 262 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 365 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Employers by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,041 shares of the financial services provider's stock valued at $719,000 after purchasing an additional 518 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Employers during the fourth quarter worth approximately $29,000. Institutional investors own 80.49% of the company's stock.

Employers Stock Up 1.0%

EIG traded up $0.49 during trading on Tuesday, hitting $49.19. The company's stock had a trading volume of 115,847 shares, compared to its average volume of 139,221. The firm has a market capitalization of $1.18 billion, a P/E ratio of 10.44 and a beta of 0.56. Employers Holdings, Inc. has a twelve month low of $40.57 and a twelve month high of $54.44. The stock's fifty day moving average price is $48.86 and its 200-day moving average price is $50.05.

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, beating the consensus estimate of $0.69 by $0.18. The company 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%. Employers'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 business posted $0.67 EPS. Equities research analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.32 dividend. This is an increase from Employers's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, May 14th. Employers's payout ratio is 31.07%.

Insider Activity

In other Employers news, Director James R. Kroner sold 1,000 shares of the firm's 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 sale, the director now owns 23,458 shares of the company's stock, valued at approximately $1,208,087. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ann Marie Smith sold 1,385 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total value of $70,967.40. Following the transaction, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. The trade was a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,385 shares of company stock worth $272,707. Company insiders own 1.40% of the company's stock.

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.