Employers Holdings, Inc. (NYSE:EIG) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,400 shares of the financial services provider's stock after buying an additional 24,100 shares during the period. Renaissance Technologies LLC owned approximately 1.13% of Employers worth $14,262,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Employers by 0.6% in the third quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider's stock valued at $27,800,000 after purchasing an additional 3,349 shares during the last quarter. American Century Companies Inc. raised its position in shares of Employers by 9.5% in the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider's stock valued at $28,953,000 after purchasing an additional 48,844 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Employers by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider's stock valued at $21,684,000 after buying an additional 4,479 shares during the last quarter. Boston Partners grew its position in shares of Employers by 3.8% during the fourth quarter. Boston Partners now owns 280,489 shares of the financial services provider's stock worth $14,248,000 after buying an additional 10,158 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Employers by 4.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 225,466 shares of the financial services provider's stock worth $11,551,000 after buying an additional 8,748 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Trading Up 0.0 %

NYSE EIG traded up $0.01 during trading hours on Friday, reaching $48.43. 125,095 shares of the company traded hands, compared to its average volume of 136,179. The stock has a market capitalization of $1.17 billion, a PE ratio of 10.28 and a beta of 0.29. Employers Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $54.44. The company has a 50 day moving average of $49.35 and a two-hundred day moving average of $50.08.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.08 by $0.07. The business had revenue of $216.60 million for the quarter, compared to analysts' expectations of $221.18 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. On average, equities research analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. Employers's dividend payout ratio (DPR) is 25.48%.

Insider Activity

In related news, Director James R. Kroner sold 2,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total transaction of $101,800.00. Following the sale, the director now owns 25,458 shares in the company, valued at $1,295,812.20. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ann Marie Smith sold 1,385 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total value of $70,967.40. Following the completion of the sale, the insider now directly owns 8,801 shares in the company, valued at approximately $450,963.24. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,385 shares of company stock worth $276,267. 1.50% of the stock is currently owned by insiders.

About Employers

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.