Employers Holdings, Inc. (NYSE:EIG - Get Free Report) Director James R. Kroner sold 1,000 shares of Employers stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.50, for a total transaction of $51,500.00. Following the transaction, the director now directly owns 23,458 shares in the company, valued at $1,208,087. This trade represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Employers Stock Up 1.2 %
Shares of NYSE EIG opened at $51.77 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 10.99 and a beta of 0.27. The firm's fifty day moving average is $49.67 and its 200 day moving average is $49.51. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $54.44.
Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.
Employers Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Wednesday, March 5th. Employers's dividend payout ratio is presently 25.48%.
Wall Street Analyst Weigh In
Several research analysts recently commented on EIG shares. StockNews.com downgraded shares of Employers from a "buy" rating to a "hold" rating in a research note on Friday, December 20th. Truist Financial lifted their target price on shares of Employers from $55.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, November 1st.
Get Our Latest Stock Analysis on EIG
Institutional Trading of Employers
Institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted 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 acquiring an additional 365 shares during the period. Aquatic Capital Management LLC bought a new position in Employers during the 4th quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in Employers by 50.1% during the 4th 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 period. Lazard Asset Management LLC bought a new position in Employers during the 4th quarter valued at about $48,000. Finally, FMR LLC lifted its stake in Employers by 15.2% during the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 200 shares during the period. 80.49% of the stock is owned by hedge funds and other institutional investors.
About Employers
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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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