UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 6,073 Shares of Employers Holdings, Inc. (NYSE:EIG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,296 shares of the financial services provider's stock after buying an additional 6,073 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Employers worth $3,191,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of EIG. State of Wyoming grew its stake in shares of Employers by 42.9% in the 4th quarter. State of Wyoming now owns 6,466 shares of the financial services provider's stock valued at $331,000 after buying an additional 1,941 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Employers in the fourth quarter worth approximately $137,000. ProShare Advisors LLC grew its stake in Employers by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 7,445 shares of the financial services provider's stock valued at $381,000 after acquiring an additional 2,290 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $719,000 after acquiring an additional 518 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Employers during the fourth quarter valued at approximately $48,000. 80.49% of the stock is currently owned by institutional investors.

Employers Price Performance

Shares of NYSE:EIG traded down $0.60 during trading on Monday, reaching $47.07. 155,230 shares of the stock were exchanged, compared to its average volume of 139,741. Employers Holdings, Inc. has a 1-year low of $40.66 and a 1-year high of $54.44. The stock has a fifty day moving average of $48.43 and a two-hundred day moving average of $49.71. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.99 and a beta of 0.56.

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, topping 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 firm had revenue of $202.60 million for the quarter, compared to the consensus estimate of $216.81 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business's revenue was down 9.2% on a year-over-year basis. Sell-side analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.28 annualized dividend and a yield of 2.72%. Employers's dividend payout ratio (DPR) is presently 31.07%.

Insider Buying and Selling at Employers

In related news, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction that occurred 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 owns 19,789 shares of the company's stock, valued at $972,035.68. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Pedraja purchased 3,050 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $48.59 per share, with a total value 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. The trade was a 71.26% increase in their position. The disclosure for this purchase can be found here. 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.