Bank of New York Mellon Corp Sells 1,438 Shares of Employers Holdings, Inc. (NYSE:EIG)

Bank of New York Mellon Corp lessened its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,732 shares of the financial services provider’s stock after selling 1,438 shares during the quarter. Bank of New York Mellon Corp owned about 1.01% of Employers worth $12,845,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in 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 buying an additional 31,131 shares during the last quarter. MML Investors Services LLC grew its position in shares of Employers by 27.0% in the third quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 1,448 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Employers by 18.5% in the third quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock worth $3,814,000 after purchasing an additional 12,422 shares during the period. Jane Street Group LLC lifted its position in shares of Employers by 22.9% during the 3rd quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider’s stock worth $2,350,000 after purchasing an additional 9,138 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Employers by 1.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Insider Transactions at Employers

In other news, Director James R. Kroner sold 1,000 shares of Employers stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the transaction, the director now owns 22,458 shares in the company, valued at approximately $1,167,816. The trade was a 4.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ann Marie Smith sold 1,385 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total value of $70,967.40. Following the sale, the insider now owns 8,801 shares in the company, valued at approximately $450,963.24. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,385 shares of company stock valued at $276,267. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Employers Stock Performance

NYSE:EIG opened at $48.68 on Thursday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.33 and a beta of 0.21. The company has a 50-day moving average of $49.46 and a 200-day moving average of $49.77. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $54.44.

Employers (NYSE:EIG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.07. The company had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. Sell-side analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.47%. Employers’s dividend payout ratio is presently 25.48%.

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.