Christina Ozuna Sells 4,500 Shares of Employers (NYSE:EIG) Stock

Employers Holdings Inc (NYSE:EIG) insider Christina Ozuna sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $39.88, for a total transaction of $179,460.00. Following the transaction, the insider owned 15,008 shares in the company, valued at $598,519.04. The trade was a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Employers Price Performance

EIG opened at $39.38 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $767.12 million, a P/E ratio of 119.33 and a beta of 0.57. The company’s 50 day simple moving average is $42.98 and its 200-day simple moving average is $41.87. Employers Holdings Inc has a one year low of $35.73 and a one year high of $51.48.

Employers (NYSE:EIG) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.25. Employers had a net margin of 1.26% and a return on equity of 2.10%. The firm had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $217.35 million. During the same quarter in the previous year, the company posted $1.15 EPS. Employers’s revenue was down 21.3% on a year-over-year basis. Sell-side analysts anticipate that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.3%. Employers’s payout ratio is presently 387.88%.

Institutional Trading of Employers

A number of institutional investors have recently bought and sold shares of EIG. Boston Partners lifted its stake in shares of Employers by 21.8% in the 2nd quarter. Boston Partners now owns 355,041 shares of the financial services provider’s stock valued at $16,252,000 after purchasing an additional 63,582 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Employers during the third quarter worth $1,187,000. Carolina Wealth Advisors LLC grew its stake in shares of Employers by 80.5% during the third quarter. Carolina Wealth Advisors LLC now owns 132,289 shares of the financial services provider’s stock worth $5,620,000 after purchasing an additional 58,980 shares during the period. Exchange Traded Concepts LLC increased its holdings in Employers by 39.7% in the third quarter. Exchange Traded Concepts LLC now owns 66,116 shares of the financial services provider’s stock valued at $2,809,000 after purchasing an additional 18,793 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Employers in the third quarter valued at about $908,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EIG shares. Wall Street Zen cut Employers from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Zacks Research raised Employers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Employers currently has a consensus rating of “Buy”.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.