Two Sigma Investments LP Sells 15,782 Shares of Employers Holdings, Inc. (NYSE:EIG)

Two Sigma Investments LP lessened its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 21.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,040 shares of the financial services provider's stock after selling 15,782 shares during the period. Two Sigma Investments LP owned 0.23% of Employers worth $2,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EIG. Norges Bank purchased a new stake in shares of Employers in the fourth quarter worth $8,935,000. Raymond James Financial Inc. purchased a new stake in Employers during the fourth quarter valued at about $7,451,000. JPMorgan Chase & Co. raised its position in Employers by 158.7% during the fourth quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider's stock valued at $10,538,000 after purchasing an additional 126,186 shares in the last quarter. American Century Companies Inc. raised its position in Employers by 9.5% during the fourth quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider's stock valued at $28,953,000 after purchasing an additional 48,844 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Employers during the fourth quarter valued at about $2,451,000. Hedge funds and other institutional investors own 80.49% of the company's stock.

Employers Price Performance

NYSE EIG traded down $0.78 during trading hours on Wednesday, reaching $47.72. 124,075 shares of the stock traded hands, compared to its average volume of 139,033. The stock has a 50 day simple moving average of $48.65 and a two-hundred day simple moving average of $49.87. Employers Holdings, Inc. has a 1 year low of $40.66 and a 1 year high of $54.44. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 10.13 and a beta of 0.56.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings results 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. Employers had a return on equity of 8.99% and a net margin of 13.47%. The business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $216.81 million. During the same quarter last year, the business posted $0.67 earnings per share. The company's revenue for the quarter was down 9.2% on a year-over-year basis. On average, sell-side analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently disclosed 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. 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 2.68%. The ex-dividend date was Wednesday, May 14th. Employers's dividend payout ratio (DPR) is 31.07%.

Insider Activity

In other Employers news, EVP Michael Pedraja bought 3,050 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought 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 now directly owns 7,330 shares of the company's stock, valued at $356,164.70. This trade represents a 71.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction that occurred on 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 in the company, 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. Insiders own 1.40% of the company's stock.

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.