Insider Selling: Employers (NYSE:EIG) Insider Sells $196,450.00 in Stock

Employers Holdings Inc (NYSE:EIG) insider Ann Marie Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the completion of the sale, the insider owned 8,704 shares of the company’s stock, valued at $341,980.16. This trade represents a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Employers Trading Down 0.5%

Shares of EIG stock opened at $39.25 on Friday. Employers Holdings Inc has a 1-year low of $35.73 and a 1-year high of $51.48. The company has a market cap of $764.59 million, a price-to-earnings ratio of 118.94 and a beta of 0.57. 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 50 day simple moving average of $42.91 and a 200-day simple moving average of $41.84.

Employers (NYSE:EIG) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.25. The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $217.35 million. Employers had a net margin of 1.26% and a return on equity of 2.10%. The firm’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. On average, equities research analysts expect that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The business 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 $0.32 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 3.3%. Employers’s dividend payout ratio (DPR) is 387.88%.

Wall Street Analyst Weigh In

EIG has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Employers from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Zacks Research upgraded Employers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Employers in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Employers has an average rating of “Buy”.

Institutional Investors Weigh In On Employers

Several institutional investors and hedge funds have recently added to or reduced their stakes in EIG. American Century Companies Inc. raised its position in shares of Employers by 2.5% in the second quarter. American Century Companies Inc. now owns 627,307 shares of the financial services provider’s stock valued at $29,596,000 after buying an additional 15,360 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Employers by 69.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 388,769 shares of the financial services provider’s stock worth $16,783,000 after acquiring an additional 159,956 shares during the last quarter. Boston Partners boosted its position in Employers by 21.8% during the second quarter. Boston Partners now owns 355,041 shares of the financial services provider’s stock worth $16,252,000 after acquiring an additional 63,582 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Employers by 126.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider’s stock valued at $14,224,000 after acquiring an additional 183,828 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Employers by 93.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock valued at $12,459,000 after acquiring an additional 127,330 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

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.