Employers Holdings Inc $EIG Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its position in shares of Employers Holdings Inc (NYSE:EIG) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,516 shares of the financial services provider’s stock after selling 18,600 shares during the period. Exchange Traded Concepts LLC owned approximately 0.21% of Employers worth $2,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EIG. Osaic Holdings Inc. grew its stake in shares of Employers by 133.5% in the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock valued at $30,000 after buying an additional 363 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Employers during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC lifted its holdings in Employers by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 411 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Employers by 230.2% in the third quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,381 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Employers by 179.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 1,462 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Price Performance

Employers stock opened at $41.02 on Thursday. The company’s 50 day simple moving average is $41.77 and its 200-day simple moving average is $41.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.40 and a current ratio of 0.40. Employers Holdings Inc has a 1 year low of $35.73 and a 1 year high of $51.48. The company has a market capitalization of $799.05 million, a price-to-earnings ratio of 124.30 and a beta of 0.47.

Employers (NYSE:EIG) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.25. Employers had a net margin of 1.26% and a return on equity of 2.10%. The firm had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $217.35 million. During the same quarter last year, the company posted $1.15 EPS. The firm’s quarterly revenue was down 21.3% on a year-over-year basis. As a group, equities research analysts expect that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, March 4th. Employers’s dividend payout ratio (DPR) is currently 387.88%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EIG. Weiss Ratings reissued a “hold (c-)” rating on shares of Employers in a research note on Monday, December 29th. Wall Street Zen lowered Employers from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Zacks Research upgraded Employers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. 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 data from MarketBeat.com, Employers has an average rating of “Buy”.

Insider Transactions at Employers

In other news, EVP Michael Pedraja acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average price of $39.73 per share, for a total transaction of $79,460.00. Following the acquisition, the executive vice president owned 19,830 shares of the company’s stock, valued at $787,845.90. This represents a 11.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann Marie Smith sold 5,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the transaction, the insider directly owned 8,704 shares in the company, valued at approximately $341,980.16. The trade was a 36.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Employers Company Profile

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.