Geode Capital Management LLC Sells 649 Shares of Employers Holdings, Inc. (NYSE:EIG)

Geode Capital Management LLC cut its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 578,755 shares of the financial services provider’s stock after selling 649 shares during the period. Geode Capital Management LLC owned about 2.34% of Employers worth $29,657,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. FMR LLC grew its position in shares of Employers by 15.2% in the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after buying an additional 200 shares during the last quarter. HighTower Advisors LLC grew its stake 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 worth $708,000 after acquiring an additional 227 shares in the last quarter. Jane Street Group LLC increased its position in shares of Employers by 22.9% during the 3rd quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider’s stock valued at $2,350,000 after purchasing an additional 9,138 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Employers by 27.0% during the 3rd quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 1,448 shares during the period. Finally, Barclays PLC raised its holdings in Employers by 300.2% during the 3rd quarter. Barclays PLC now owns 41,501 shares of the financial services provider’s stock valued at $1,991,000 after acquiring an additional 31,131 shares during the period. Institutional investors own 80.49% of the company’s stock.

Insider Activity

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total value of $70,967.40. Following the completion of the transaction, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. This represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Kroner sold 1,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $51.50, for a total value of $51,500.00. Following the completion of the sale, the director now owns 23,458 shares in the company, valued at $1,208,087. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,385 shares of company stock valued at $276,267 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

Employers Price Performance

Shares of Employers stock opened at $48.43 on Friday. The business’s 50 day simple moving average is $49.36 and its two-hundred day simple moving average is $50.04. The stock has a market capitalization of $1.17 billion, a P/E ratio of 10.28 and a beta of 0.29. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44.

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

Employers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.48%. Employers’s dividend payout ratio is currently 25.48%.

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.