Susquehanna Fundamental Investments LLC Takes Position in Employers Holdings, Inc. (NYSE:EIG)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,222 shares of the financial services provider's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oberweis Asset Management Inc. boosted its stake in shares of Employers by 3.9% in the 4th quarter. Oberweis Asset Management Inc. now owns 96,100 shares of the financial services provider's stock worth $4,923,000 after buying an additional 3,600 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Employers by 18.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the financial services provider's stock valued at $490,000 after purchasing an additional 1,495 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Employers in the fourth quarter valued at approximately $326,000. MetLife Investment Management LLC boosted its position in Employers by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,177 shares of the financial services provider's stock valued at $778,000 after buying an additional 1,191 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Employers in the fourth quarter worth about $230,000. Institutional investors and hedge funds own 80.49% of the company's stock.

Employers Price Performance

NYSE:EIG traded up $0.23 during trading hours on Friday, hitting $49.56. The company had a trading volume of 123,421 shares, compared to its average volume of 137,366. The company has a market capitalization of $1.20 billion, a PE ratio of 10.52 and a beta of 0.56. The stock has a 50-day moving average price of $49.00 and a 200 day moving average price of $50.05. Employers Holdings, Inc. has a 52 week low of $40.57 and a 52 week high of $54.44.

Employers (NYSE:EIG - Get Free Report) last announced 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. The company had revenue of $202.60 million during the quarter, compared to the consensus estimate of $216.81 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. The firm's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Analysts anticipate that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.32 dividend. This is a boost from Employers's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Wednesday, May 14th. Employers's dividend payout ratio (DPR) is presently 31.07%.

Insider Transactions at Employers

In related news, Director James R. Kroner sold 1,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the transaction, the director now directly owns 22,458 shares in the company, valued at $1,167,816. The trade was a 4.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Pedraja bought 3,050 shares of Employers stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $356,164.70. The trade was a 71.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 5,385 shares of company stock worth $276,267. 1.40% of the stock is currently owned by company insiders.

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.