Ameriprise Financial Inc. Has $6.79 Million Stock Position in Employers Holdings, Inc. (NYSE:EIG)

Ameriprise Financial Inc. lowered its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,532 shares of the financial services provider’s stock after selling 22,658 shares during the period. Ameriprise Financial Inc. owned approximately 0.54% of Employers worth $6,790,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in Employers by 9.5% during the fourth quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock worth $28,953,000 after purchasing an additional 48,844 shares during the period. Northern Trust Corp grew its stake in Employers by 0.7% during the fourth quarter. Northern Trust Corp now owns 506,140 shares of the financial services provider’s stock worth $25,930,000 after purchasing an additional 3,364 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Employers by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,263 shares of the financial services provider’s stock worth $21,684,000 after purchasing an additional 4,479 shares during the period. Boston Partners grew its stake in Employers by 3.8% during the fourth quarter. Boston Partners now owns 280,489 shares of the financial services provider’s stock worth $14,248,000 after purchasing an additional 10,158 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Employers by 9.5% during the fourth quarter. Renaissance Technologies LLC now owns 278,400 shares of the financial services provider’s stock worth $14,262,000 after purchasing an additional 24,100 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Insider Buying and Selling at Employers

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

Employers Price Performance

NYSE EIG opened at $48.42 on Friday. The business has a 50 day simple moving average of $48.93 and a 200 day simple moving average of $50.13. Employers Holdings, Inc. has a one year low of $40.57 and a one year high of $54.44. The stock has a market capitalization of $1.16 billion, a P/E ratio of 10.28 and a beta of 0.56.

Employers (NYSE:EIG) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. Employers had a return on equity of 8.99% and a net margin of 13.47%. The firm had revenue of $202.60 million during the quarter, compared to analysts’ expectations of $216.81 million. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Employers’s previous quarterly dividend of $0.30. Employers’s dividend payout ratio (DPR) is 31.07%.

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.