Employers (NYSE:EIG) EVP Acquires $203,995.00 in Stock

Employers Holdings Inc (NYSE:EIG) EVP Michael Pedraja bought 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $37.09 per share, with a total value of $203,995.00. Following the completion of the purchase, the executive vice president directly owned 17,830 shares of the company’s stock, valued at $661,314.70. This represents a 44.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Employers Stock Performance

Shares of EIG stock traded up $0.18 during mid-day trading on Wednesday, reaching $37.71. The company’s stock had a trading volume of 209,788 shares, compared to its average volume of 171,507. The firm’s 50-day moving average is $41.76 and its two-hundred day moving average is $44.77. The company has a market cap of $886.52 million, a P/E ratio of 9.20 and a beta of 0.52. Employers Holdings Inc has a 1-year low of $35.73 and a 1-year high of $54.44.

Employers (NYSE:EIG) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.71). The business had revenue of $239.30 million during the quarter, compared to analyst estimates of $216.60 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Sell-side analysts anticipate that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, November 12th. Employers’s dividend payout ratio is currently 50.59%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EIG. Osaic Holdings Inc. lifted its holdings in Employers by 133.5% during the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock worth $30,000 after buying an additional 363 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Employers during the 2nd quarter valued at $39,000. Versant Capital Management Inc lifted its stake in Employers by 230.2% in the third quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock valued at $84,000 after buying an additional 1,381 shares during the period. Tower Research Capital LLC TRC grew its holdings in Employers by 179.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,462 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Employers by 26.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,718 shares of the financial services provider’s stock valued at $128,000 after buying an additional 575 shares during the period. Institutional investors own 80.49% of the company’s stock.

Analyst Ratings Changes

EIG has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Employers in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Employers from a “hold” rating to a “sell” rating in a research report on Monday, August 25th. Finally, Zacks Research raised shares of Employers from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.