Employers Holdings, Inc. (NYSE:EIG) Holdings Cut by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,809 shares of the financial services provider’s stock after selling 2,121 shares during the quarter. Legal & General Group Plc owned approximately 0.30% of Employers worth $3,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its position in Employers by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider’s stock worth $27,800,000 after purchasing an additional 3,349 shares during the last quarter. American Century Companies Inc. grew its holdings in Employers by 9.5% in the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock worth $28,953,000 after buying an additional 48,844 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Employers by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider’s stock valued at $21,684,000 after acquiring an additional 4,479 shares during the period. Boston Partners raised its stake in Employers by 3.8% during the 4th quarter. Boston Partners now owns 280,489 shares of the financial services provider’s stock valued at $14,248,000 after acquiring an additional 10,158 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Employers by 4.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 225,466 shares of the financial services provider’s stock worth $11,551,000 after acquiring an additional 8,748 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Employers

In other Employers news, Director James R. Kroner sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total value of $101,800.00. Following the sale, the director now directly owns 25,458 shares in the company, valued at approximately $1,295,812.20. The trade was a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann Marie Smith sold 1,385 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the transaction, the insider now owns 8,801 shares of the company’s stock, valued at approximately $450,963.24. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,385 shares of company stock valued at $276,267. Corporate insiders own 1.50% of the company’s stock.

Employers Stock Performance

Shares of EIG opened at $48.50 on Wednesday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.30 and a beta of 0.29. The stock’s fifty day moving average is $49.31 and its 200-day moving average is $50.06. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44.

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

Employers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, March 5th. Employers’s dividend payout ratio (DPR) is presently 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.