Employers Holdings, Inc. (NYSE:EIG) Shares Purchased by Amundi

Amundi increased its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 187.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,016 shares of the financial services provider’s stock after purchasing an additional 7,833 shares during the period. Amundi’s holdings in Employers were worth $586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EIG. Raymond James Financial Inc. acquired a new position in Employers in the 4th quarter worth $7,451,000. Barclays PLC lifted its position in shares of Employers by 300.2% in 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Employers by 18.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock valued at $3,814,000 after acquiring an additional 12,422 shares in the last quarter. Jane Street Group LLC lifted its position in Employers by 22.9% in the 3rd quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider’s stock worth $2,350,000 after buying an additional 9,138 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Employers during the 3rd quarter worth $291,000. 80.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ann Marie Smith sold 1,385 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $51.24, for a total value of $70,967.40. Following the transaction, the insider now directly owns 8,801 shares of the company’s stock, valued at approximately $450,963.24. The trade was a 13.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now owns 25,458 shares in the company, valued at $1,295,812.20. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,385 shares of company stock valued at $276,267 over the last quarter. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Employers Trading Up 0.1 %

EIG opened at $50.10 on Friday. Employers Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $54.44. The firm has a 50-day moving average price of $49.56 and a two-hundred day moving average price of $49.86. The stock has a market capitalization of $1.22 billion, a PE ratio of 10.64 and a beta of 0.21.

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

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.30 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.40%. Employers’s dividend payout ratio (DPR) is presently 25.48%.

Employers Company 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.