Tudor Investment Corp ET AL Makes New Investment in Employers Holdings, Inc. (NYSE:EIG)

Tudor Investment Corp ET AL purchased a new stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 47,836 shares of the financial services provider's stock, valued at approximately $2,451,000. Tudor Investment Corp ET AL owned approximately 0.19% of Employers as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in Employers by 300.2% in the third quarter. Barclays PLC now owns 41,501 shares of the financial services provider's stock valued at $1,991,000 after acquiring an additional 31,131 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Employers by 18.5% in the third quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider's stock valued at $3,814,000 after purchasing an additional 12,422 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Employers by 181.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,205 shares of the financial services provider's stock valued at $1,240,000 after purchasing an additional 15,617 shares in the last quarter. Intech Investment Management LLC increased its stake in Employers by 103.3% during the 4th quarter. Intech Investment Management LLC now owns 12,517 shares of the financial services provider's stock worth $641,000 after buying an additional 6,359 shares during the period. Finally, Amundi lifted its holdings in Employers by 187.3% in the 4th quarter. Amundi now owns 12,016 shares of the financial services provider's stock worth $586,000 after buying an additional 7,833 shares in the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Employers news, EVP Michael Pedraja acquired 3,050 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $48.59 per share, with a total value of $148,199.50. Following the completion of the acquisition, the executive vice president now directly owns 7,330 shares in the company, valued at $356,164.70. This trade represents a 71.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James R. Kroner sold 2,000 shares of the business's stock in a transaction on 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 of the company's stock, 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. In the last 90 days, insiders have sold 5,385 shares of company stock worth $276,267. 1.40% of the stock is currently owned by corporate insiders.

Employers Stock Up 0.5 %

Shares of Employers stock traded up $0.27 during trading hours on Friday, hitting $49.60. 42,905 shares of the company's stock traded hands, compared to its average volume of 136,913. Employers Holdings, Inc. has a twelve month low of $40.57 and a twelve month high of $54.44. The company has a market cap of $1.20 billion, a PE ratio of 10.53 and a beta of 0.56. The stock has a 50 day simple moving average of $49.00 and a 200-day simple moving average of $50.05.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 earnings per share for the quarter, beating 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 quarter last year, the firm earned $0.67 EPS. Employers's quarterly revenue was down 9.2% on a year-over-year basis. As a group, equities research analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.58%. This is an increase from Employers's previous quarterly dividend of $0.30. Employers's payout ratio is presently 31.07%.

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.