JPMorgan Chase & Co. Has $10.54 Million Holdings in Employers Holdings, Inc. (NYSE:EIG)

JPMorgan Chase & Co. boosted its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 158.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,698 shares of the financial services provider’s stock after purchasing an additional 126,186 shares during the period. JPMorgan Chase & Co. owned about 0.83% of Employers worth $10,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EIG. Versant Capital Management Inc raised its position in shares of Employers by 50.1% during the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 199 shares during the last quarter. FMR LLC grew its holdings in shares of Employers by 15.2% during the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after buying an additional 200 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Employers by 1.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock valued at $708,000 after acquiring an additional 227 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Employers by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 252 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Employers by 10.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 262 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Employers Price Performance

Shares of NYSE:EIG opened at $48.09 on Tuesday. The firm has a 50 day simple moving average of $49.42 and a 200 day simple moving average of $50.06. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 10.21 and a beta of 0.29.

Employers (NYSE:EIG) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.07. Employers had a net margin of 13.47% and a return on equity of 8.99%. The business had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. As a group, analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. Employers’s dividend payout ratio (DPR) is currently 25.48%.

Insider Activity

In related news, insider Ann Marie Smith sold 1,385 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the transaction, the insider now owns 8,801 shares of the company’s stock, valued at approximately $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Kroner sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $50.90, for a total transaction of $101,800.00. Following the completion of the transaction, the director now directly owns 25,458 shares of the company’s stock, valued at approximately $1,295,812.20. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,385 shares of company stock worth $276,267 over the last quarter. Insiders own 1.50% of the company’s stock.

Employers Profile

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.