Insider Selling: Employers Holdings, Inc. (NYSE:EIG) EVP Sells 2,000 Shares of Stock

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) 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 value of $98,240.00. Following the completion of the transaction, the executive vice president now owns 19,789 shares of the company's stock, valued at approximately $972,035.68. This trade represents a 9.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Employers Price Performance

NYSE:EIG traded down $0.18 during mid-day trading on Friday, hitting $48.69. 187,748 shares of the company's stock were exchanged, compared to its average volume of 139,249. The company has a market cap of $1.17 billion, a PE ratio of 10.34 and a beta of 0.56. Employers Holdings, Inc. has a one year low of $40.66 and a one year high of $54.44. The business has a fifty day moving average price of $48.79 and a 200 day moving average price of $49.92.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.18. The firm 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%. The business's revenue was down 9.2% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. On average, equities analysts forecast 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 was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Employers's previous quarterly dividend of $0.30. Employers's payout ratio is currently 31.07%.

Hedge Funds Weigh In On Employers

A number of hedge funds have recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Employers in the first quarter worth approximately $9,814,000. Norges Bank purchased a new position in shares of Employers in the fourth quarter worth $8,935,000. Raymond James Financial Inc. bought a new position in shares of Employers during the fourth quarter valued at $7,451,000. JPMorgan Chase & Co. boosted its position in shares of 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 buying an additional 126,186 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Employers by 5,792.9% in the 1st quarter. GAMMA Investing LLC now owns 108,724 shares of the financial services provider's stock worth $5,506,000 after buying an additional 106,879 shares during the last quarter. Institutional investors own 80.49% 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.