Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd decreased its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 54.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,333 shares of the financial services provider’s stock after selling 6,409 shares during the quarter. Quadrature Capital Ltd’s holdings in Employers were worth $210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Employers by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock worth $124,278,000 after purchasing an additional 16,997 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 worth $82,339,000 after purchasing an additional 27,320 shares during the period. Northern Trust Corp lifted its holdings in Employers by 0.3% in the third quarter. Northern Trust Corp now owns 599,109 shares of the financial services provider’s stock worth $23,934,000 after purchasing an additional 1,660 shares during the period. LSV Asset Management lifted its holdings in Employers by 142.1% in the fourth quarter. LSV Asset Management now owns 502,843 shares of the financial services provider’s stock worth $19,812,000 after purchasing an additional 295,143 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Employers by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock worth $16,712,000 after purchasing an additional 26,555 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Stock Up 0.2 %

EIG stock opened at $42.39 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of 8.98 and a beta of 0.24. The company has a 50-day simple moving average of $42.31 and a 200 day simple moving average of $42.29. Employers Holdings, Inc. has a fifty-two week low of $35.43 and a fifty-two week high of $46.78.

Employers (NYSE:EIG) last posted its quarterly earnings data 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 return on equity of 10.49% and a net margin of 14.16%. The company had revenue of $223.10 million during the quarter, compared to analyst estimates of $217.46 million. During the same period in the previous year, the company earned $0.60 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. This is an increase from Employers’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, May 7th. Employers’s dividend payout ratio is presently 25.42%.

Insider Buying and Selling at Employers

In other Employers news, insider Ann Marie Smith sold 1,764 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $41.26, for a total value of $72,782.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $278,133.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.