UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.19 Million Stake in Employers Holdings, Inc. (NYSE:EIG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,296 shares of the financial services provider's stock after acquiring an additional 6,073 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Employers worth $3,191,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EIG. Sanctuary Advisors LLC lifted its stake in shares of 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 buying an additional 252 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of 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. Smartleaf Asset Management LLC lifted its stake 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 worth $25,000 after buying an additional 365 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $719,000 after buying an additional 518 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Employers during the 4th quarter worth about $29,000. Institutional investors own 80.49% of the company's stock.

Employers Stock Down 1.3%

Shares of Employers stock opened at $47.13 on Friday. Employers Holdings, Inc. has a twelve month low of $40.66 and a twelve month high of $54.44. The company has a 50-day simple moving average of $48.58 and a two-hundred day simple moving average of $49.83. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.01 and a beta of 0.56.

Employers (NYSE:EIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.87 EPS 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 analysts' expectations of $216.81 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. The business's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. On average, sell-side analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.32 dividend. This is a boost from Employers's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Wednesday, May 14th. Employers's dividend payout ratio is 31.07%.

Insider Buying and Selling at Employers

In other news, EVP Michael Pedraja acquired 3,050 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John M. Mutschink sold 2,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $49.12, for a total transaction of $98,240.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

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