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

Employers Holdings Inc (NYSE:EIG) EVP Michael Pedraja bought 5,500 shares of Employers stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $37.09 per share, for a total transaction of $203,995.00. Following the acquisition, the executive vice president directly owned 17,830 shares in the company, valued at approximately $661,314.70. This represents a 44.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Employers Stock Performance

Shares of EIG stock traded up $0.18 on Wednesday, hitting $37.71. The stock had a trading volume of 209,788 shares, compared to its average volume of 171,507. Employers Holdings Inc has a 52-week low of $35.73 and a 52-week high of $54.44. The firm has a market capitalization of $886.52 million, a price-to-earnings ratio of 9.20 and a beta of 0.52. The stock’s 50 day moving average is $41.76 and its 200-day moving average is $44.77.

Employers (NYSE:EIG) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.71). The company had revenue of $239.30 million for 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Equities analysts expect that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EIG. Allianz Asset Management GmbH acquired a new position in shares of Employers during the 2nd quarter valued at about $719,000. Russell Investments Group Ltd. grew its holdings in Employers by 158.8% during the first quarter. Russell Investments Group Ltd. now owns 21,684 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 13,305 shares during the last quarter. LSV Asset Management grew its stake in Employers by 7.1% in the 1st quarter. LSV Asset Management now owns 1,067,976 shares of the financial services provider’s stock valued at $54,082,000 after buying an additional 70,402 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Employers by 19.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 50,495 shares of the financial services provider’s stock worth $2,557,000 after purchasing an additional 8,202 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Employers during the first quarter worth approximately $9,814,000. 80.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EIG. Zacks Research raised shares of Employers from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen lowered Employers from a “hold” rating to a “sell” rating in a research report on Monday, August 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Employers in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Employers currently has an average 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.