Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Nuveen Asset Management LLC

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC raised its position in shares of Employers by 2.6% in 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Employers by 10.8% during the fourth 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 last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Employers by 312.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock worth $25,000 after acquiring an additional 365 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Employers by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,041 shares of the financial services provider's stock worth $719,000 after purchasing an additional 518 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Employers in the fourth quarter worth approximately $29,000. 80.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Employers news, EVP John M. Mutschink sold 2,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 19,789 shares in the company, valued at approximately $972,035.68. This represents a 9.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Kroner sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $52.00, for a total transaction of $52,000.00. Following the completion of the sale, the director now owns 22,458 shares of the company's stock, valued at approximately $1,167,816. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Employers Price Performance

Shares of NYSE:EIG traded down $0.28 during midday trading on Friday, hitting $48.59. The company had a trading volume of 12,669 shares, compared to its average volume of 156,278. The company has a fifty day moving average of $48.82 and a two-hundred day moving average of $50.00. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 10.32 and a beta of 0.56. Employers Holdings, Inc. has a 12-month low of $40.57 and a 12-month high of $54.44.

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. Employers had a net margin of 13.47% and a return on equity of 8.99%. The company had revenue of $202.60 million during the quarter, compared to analysts' expectations of $216.81 million. During the same period last year, the company posted $0.67 earnings per share. Employers's quarterly revenue was down 9.2% on a year-over-year basis. Research analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, May 14th. This is an increase from Employers's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.63%. Employers's dividend payout ratio is 31.07%.

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.