Employers Holdings, Inc. (NYSE:EIG) EVP Sells $98,240.00 in Stock

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) EVP John M. Mutschink sold 2,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were 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 of the company's stock, valued at approximately $972,035.68. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Employers Stock Down 0.4%

Shares of EIG traded down $0.18 during trading hours on Friday, reaching $48.69. The stock had a trading volume of 187,722 shares, compared to its average volume of 139,409. The firm has a 50-day moving average of $48.82 and a 200 day moving average of $50.00. The company has a market cap of $1.17 billion, a P/E ratio of 10.34 and a beta of 0.56. Employers Holdings, Inc. has a 52 week low of $40.60 and a 52 week high of $54.44.

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 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 quarter in the prior year, the company earned $0.67 earnings per share. The business's quarterly revenue was down 9.2% compared to the same quarter last year. As a group, equities analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis 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

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Employers by 312.0% during the fourth 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. Aquatic Capital Management LLC bought a new stake in Employers in the 4th quarter valued at $29,000. Lazard Asset Management LLC acquired a new stake in Employers during the 4th quarter valued at $48,000. GAMMA Investing LLC boosted its position in Employers by 16.4% during the first quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider's stock worth $109,000 after purchasing an additional 302 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Employers by 10.8% in 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. 80.49% of the stock is currently owned by institutional investors and hedge funds.

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.