Ann Marie Smith Sells 5,000 Shares of Employers (NYSE:EIG) Stock

Employers Holdings Inc (NYSE:EIG) insider Ann Marie Smith sold 5,000 shares of Employers stock in a transaction 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 transaction, the insider owned 8,704 shares in the company, valued at $341,980.16. This represents a 36.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Employers Stock Down 0.6%

Shares of Employers stock opened at $39.38 on Friday. The stock has a 50-day moving average price of $42.98 and a 200 day moving average price of $41.87. The company has a market cap of $767.12 million, a P/E ratio of 119.33 and a beta of 0.57. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.02. Employers Holdings Inc has a 1 year low of $35.73 and a 1 year high of $51.48.

Employers (NYSE:EIG) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. The firm had revenue of $170.50 million during the quarter, compared to analyst estimates of $217.35 million. Employers had a return on equity of 2.10% and a net margin of 1.26%.The business’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same period last year, the company posted $1.15 EPS. As a group, analysts expect that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, March 4th. Employers’s dividend payout ratio (DPR) is currently 387.88%.

Analyst Upgrades and Downgrades

EIG has been the topic of several research reports. Wall Street Zen lowered shares of Employers from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Zacks Research raised shares of Employers from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Employers by 4.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,172 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 257 shares during the period. Aquatic Capital Management LLC boosted its holdings in Employers by 1.2% during the third quarter. Aquatic Capital Management LLC now owns 22,623 shares of the financial services provider’s stock valued at $961,000 after acquiring an additional 277 shares during the period. Deutsche Bank AG grew its position in shares of Employers by 1.3% in the fourth quarter. Deutsche Bank AG now owns 24,084 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 302 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Employers by 133.5% in the second quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 363 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Employers by 145.5% in the fourth quarter. Clearstead Advisors LLC now owns 621 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 368 shares during the period. Institutional investors own 80.49% of the company’s stock.

Employers Company Profile

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.