Employers Holdings, Inc. (NYSE:EIG) Director Sells $51,500.00 in Stock

Employers Holdings, Inc. (NYSE:EIG) Director James R. Kroner sold 1,000 shares of Employers stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.50, for a total transaction of $51,500.00. Following the completion of the sale, the director now directly owns 23,458 shares in the company, valued at $1,208,087. This represents a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Employers Trading Up 1.2 %

EIG traded up $0.63 on Friday, hitting $51.77. 162,352 shares of the company’s stock were exchanged, compared to its average volume of 132,171. Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.44. The firm has a 50-day moving average price of $49.67 and a 200-day moving average price of $49.51. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 10.99 and a beta of 0.27.

Employers (NYSE:EIG) last posted 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. Employers had a return on equity of 8.99% and a net margin of 13.47%. The business had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. On average, equities analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. Employers’s dividend payout ratio is presently 25.48%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EIG. StockNews.com cut 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EIG. Norges Bank purchased a new position in shares of Employers during the 4th quarter worth $8,935,000. Raymond James Financial Inc. purchased a new stake in Employers in the 4th quarter valued at about $7,451,000. JPMorgan Chase & Co. raised its holdings in Employers by 158.7% in the 4th quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock valued at $10,538,000 after buying an additional 126,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Employers in the 4th quarter valued at about $4,688,000. Finally, American Century Companies Inc. raised its holdings in 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 buying an additional 48,844 shares during the period. Hedge funds and other institutional investors own 80.49% of the company’s stock.

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.