Employers Holdings, Inc. (NYSE:EIG) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 103.3% in the fourth quarter, HoldingsChannel reports. The firm owned 12,517 shares of the financial services provider’s stock after buying an additional 6,359 shares during the period. Intech Investment Management LLC’s holdings in Employers were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Employers in the 4th quarter valued at about $7,451,000. Barclays PLC lifted its holdings in Employers by 300.2% in the third 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Employers by 181.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,205 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 15,617 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Employers by 18.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock worth $3,814,000 after purchasing an additional 12,422 shares during the period. Finally, Jane Street Group LLC increased its holdings 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 in the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Employers Stock Down 1.9 %

Shares of Employers stock opened at $49.14 on Monday. The firm has a market cap of $1.20 billion, a PE ratio of 10.43 and a beta of 0.21. The business has a 50-day moving average price of $49.59 and a 200 day moving average price of $49.89. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44.

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

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. Employers’s dividend payout ratio (DPR) is 25.48%.

Insider Transactions at Employers

In related news, Director James R. Kroner sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $52.00, for a total transaction of $52,000.00. Following the completion of the sale, the director now directly owns 22,458 shares in the company, valued at approximately $1,167,816. The trade was a 4.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann Marie Smith sold 1,385 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were 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 owns 8,801 shares in the company, valued at $450,963.24. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,385 shares of company stock valued at $276,267 over the last 90 days. Corporate 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.