Public Employees Retirement System of Ohio Sells 544 Shares of Employers Holdings, Inc. (NYSE:EIG)

Public Employees Retirement System of Ohio cut its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,262 shares of the financial services provider’s stock after selling 544 shares during the period. Public Employees Retirement System of Ohio’s holdings in Employers were worth $987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Employers during the 4th quarter worth about $8,935,000. Raymond James Financial Inc. bought a new position in shares of Employers during the fourth quarter worth $7,451,000. JPMorgan Chase & Co. grew its holdings in shares of Employers by 158.7% in the 4th quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock valued at $10,538,000 after buying an additional 126,186 shares during the period. American Century Companies Inc. increased its position in shares of Employers by 9.5% in the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock valued at $28,953,000 after buying an additional 48,844 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Employers during the 4th quarter worth $2,451,000. Institutional investors own 80.49% of the company’s stock.

Insider Activity at Employers

In other Employers news, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total transaction of $98,240.00. Following the completion of the transaction, the executive vice president now directly owns 19,789 shares of the company’s stock, valued at $972,035.68. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Pedraja bought 3,050 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $48.59 per share, with a total value of $148,199.50. Following the purchase, the executive vice president now owns 7,330 shares in the company, valued at $356,164.70. The trade was a 71.26% increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Employers Trading Down 0.2%

EIG stock opened at $48.56 on Wednesday. Employers Holdings, Inc. has a 1-year low of $40.66 and a 1-year high of $54.44. The firm has a market cap of $1.17 billion, a PE ratio of 10.31 and a beta of 0.56. The business’s 50-day moving average price is $48.70 and its two-hundred day moving average price is $49.89.

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

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.64%. This is a positive change from Employers’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, May 14th. Employers’s dividend payout ratio (DPR) is presently 31.07%.

About Employers

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.