Michael Pedraja Purchases 2,000 Shares of Employers (NYSE:EIG) Stock

Employers Holdings Inc (NYSE:EIG) EVP Michael Pedraja purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $39.73 per share, with a total value of $79,460.00. Following the completion of the transaction, the executive vice president owned 19,830 shares in the company, valued at approximately $787,845.90. This trade represents a 11.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Employers Trading Up 3.5%

Shares of EIG stock opened at $41.59 on Thursday. Employers Holdings Inc has a 1-year low of $35.73 and a 1-year high of $52.28. The stock has a market cap of $934.94 million, a price-to-earnings ratio of 126.03 and a beta of 0.57. The stock has a 50-day moving average of $43.49 and a 200-day moving average of $41.99.

Employers (NYSE:EIG) last posted 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 company had revenue of $170.50 million for 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 firm’s quarterly revenue was down 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share. Sell-side analysts forecast that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, March 4th. Employers’s dividend payout ratio is currently 387.88%.

Analyst Ratings Changes

A number of research firms recently weighed in on EIG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a research note on Monday, December 29th. Zacks Research raised shares of Employers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Employers from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Employers presently has an average rating of “Buy”.

Hedge Funds Weigh In On Employers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC boosted its holdings in shares of Employers by 145.5% during 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. Osaic Holdings Inc. raised its position in Employers by 133.5% during the 2nd 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. Elevation Point Wealth Partners LLC bought a new position in Employers during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings in Employers by 35.7% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock worth $67,000 after buying an additional 411 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Employers by 230.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,381 shares during the period. 80.49% of the stock is owned by institutional investors.

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.