Employers (NYSE:EIG) Shares Pass Above 200 Day Moving Average of $42.29

Employers Holdings, Inc. (NYSE:EIG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.29 and traded as high as $42.32. Employers shares last traded at $42.31, with a volume of 86,698 shares trading hands.

Employers Stock Up 0.3 %

The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.96 and a beta of 0.24. The stock has a 50 day simple moving average of $42.32 and a two-hundred day simple moving average of $42.29.

Employers (NYSE:EIG) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). Employers had a net margin of 14.16% and a return on equity of 10.49%. The firm had revenue of $223.10 million during the quarter, compared to the consensus estimate of $217.46 million. During the same period in the prior year, the business posted $0.60 earnings per share. Employers’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Employers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $0.30 dividend. This is an increase from Employers’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, May 7th. Employers’s dividend payout ratio (DPR) is 25.42%.

Insider Buying and Selling

In related news, insider Ann Marie Smith sold 1,764 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $41.26, for a total transaction of $72,782.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $278,133.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Employers

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Employers by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock valued at $124,278,000 after purchasing an additional 16,997 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Employers by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,817 shares of the financial services provider’s stock valued at $82,339,000 after buying an additional 27,320 shares during the period. LSV Asset Management grew its position in Employers by 58.9% during the first quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after buying an additional 295,983 shares in the last quarter. Northern Trust Corp increased its stake in Employers by 0.3% during the 3rd quarter. Northern Trust Corp now owns 599,109 shares of the financial services provider’s stock worth $23,934,000 after acquiring an additional 1,660 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Employers by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock worth $16,712,000 after acquiring an additional 26,555 shares during the period. Institutional investors own 80.49% of the company’s stock.

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.