Employers Holdings, Inc. (NYSE:EIG - Get Free Report) Director James R. Kroner sold 2,000 shares of the business's stock in a transaction dated 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 $1,295,812.20. This trade represents a 7.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Employers Price Performance
Shares of NYSE:EIG opened at $50.80 on Thursday. The business has a 50-day moving average of $49.64 and a two-hundred day moving average of $49.49. Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.44. The stock has a market capitalization of $1.26 billion, a P/E ratio of 10.79 and a beta of 0.27.
Employers (NYSE:EIG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.08 by $0.07. Employers had a return on equity of 8.99% and a net margin of 13.47%. The company had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. As a group, research analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.
Employers Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, March 5th. Employers's dividend payout ratio (DPR) is 25.48%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in EIG. Smartleaf Asset Management LLC raised its stake in Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 365 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Employers during the 4th quarter worth about $29,000. Versant Capital Management Inc raised its position in shares of 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 buying an additional 199 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Employers in the fourth quarter valued at about $48,000. Finally, FMR LLC grew its position in Employers by 15.2% during the third quarter. FMR LLC now owns 1,520 shares of the financial services provider's stock worth $73,000 after buying an additional 200 shares in the last quarter. 80.49% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Truist Financial lifted their price target on Employers from $55.00 to $58.00 and gave the company a "buy" rating in a report on Friday, November 1st. StockNews.com downgraded shares of Employers from a "buy" rating to a "hold" rating in a research report on Friday, December 20th.
Read Our Latest Report on EIG
Employers Company Profile
(
Get Free Report)
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.
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