Thrivent Financial For Lutherans reduced its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 284,139 shares of the financial services provider’s stock after selling 5,603 shares during the period. Thrivent Financial For Lutherans owned approximately 0.88% of Employers worth $12,615,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in EIG. Amalgamated Bank bought a new position in shares of Employers during the 4th quarter worth approximately $204,000. Unison Advisors LLC bought a new position in shares of Employers during the 4th quarter worth approximately $305,000. Citadel Advisors LLC bought a new position in shares of Employers during the 4th quarter worth approximately $319,000. Crossmark Global Holdings Inc. bought a new position in shares of Employers during the 3rd quarter worth approximately $374,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Employers during the 3rd quarter worth approximately $399,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
In related news, EVP John P. Nelson sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $43.23, for a total value of $86,460.00. Following the completion of the transaction, the executive vice president now directly owns 28,672 shares of the company’s stock, valued at $1,239,490.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Nelson sold 9,825 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $45.68, for a total transaction of $448,806.00. Following the completion of the transaction, the executive vice president now directly owns 23,802 shares of the company’s stock, valued at $1,087,275.36. The disclosure for this sale can be found here. Insiders sold 20,904 shares of company stock valued at $931,664 over the last three months. 3.50% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on the stock. ValuEngine cut shares of Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of Employers from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.00.
Shares of Employers Holdings, Inc. (NYSE:EIG) traded up $0.45 on Tuesday, hitting $40.75. 42,989 shares of the stock traded hands, compared to its average volume of 150,518. Employers Holdings, Inc. has a one year low of $35.90 and a one year high of $50.45. The company has a market cap of $1,326.22, a PE ratio of 13.21 and a beta of 1.10.
Employers (NYSE:EIG) last released its earnings results on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.50. Employers had a net margin of 12.67% and a return on equity of 10.51%. The business had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $200.31 million. During the same period last year, the business earned $0.95 earnings per share. analysts anticipate that Employers Holdings, Inc. will post 2.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This is a boost from Employers’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. Employers’s dividend payout ratio (DPR) is currently 26.23%.
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Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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