Nebula Research & Development LLC Cuts Position in Employers Holdings, Inc. (NYSE:EIG)

Nebula Research & Development LLC lessened its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,663 shares of the financial services provider's stock after selling 8,376 shares during the period. Nebula Research & Development LLC owned about 0.05% of Employers worth $649,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in 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 purchasing an additional 365 shares in the last quarter. Versant Capital Management Inc boosted its position in Employers by 50.1% during the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 199 shares during the last quarter. GAMMA Investing LLC grew its stake in Employers by 61.1% during the fourth quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider's stock worth $95,000 after purchasing an additional 700 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Employers by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 262 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Employers in the fourth quarter worth approximately $230,000. Institutional investors and hedge funds own 80.49% of the company's stock.

Insider Transactions at Employers

In other news, insider Ann Marie Smith sold 1,385 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the sale, the insider now owns 8,801 shares in the company, valued at $450,963.24. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Kroner sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total value of $101,800.00. Following the completion of the transaction, the director now owns 25,458 shares in the company, valued at approximately $1,295,812.20. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,385 shares of company stock worth $276,267 in the last 90 days. Insiders own 1.40% of the company's stock.

Employers Price Performance

Shares of NYSE EIG traded up $1.24 during mid-day trading on Friday, reaching $49.33. 224,433 shares of the company's stock traded hands, compared to its average volume of 135,789. The business has a 50-day simple moving average of $49.23 and a 200 day simple moving average of $50.07. The stock has a market cap of $1.20 billion, a P/E ratio of 10.47 and a beta of 0.29. Employers Holdings, Inc. has a 1-year low of $40.57 and a 1-year high of $54.44.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 EPS for the quarter, topping 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 firm had revenue of $202.60 million during the quarter, compared to analyst estimates of $216.81 million. During the same period in the previous year, the company posted $0.67 EPS. The company's revenue for the quarter was down 9.2% on a year-over-year basis. Equities research analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.32 per share. This is a positive change from Employers's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, May 14th. Employers's dividend payout ratio (DPR) is presently 25.48%.

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.