Amundi Acquires 7,833 Shares of Employers Holdings, Inc. (NYSE:EIG)

Amundi boosted its stake in Employers Holdings, Inc. (NYSE:EIG) by 187.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,016 shares of the financial services provider’s stock after acquiring an additional 7,833 shares during the period. Amundi’s holdings in Employers were worth $586,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Employers by 312.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 365 shares during the period. Versant Capital Management Inc grew its stake in shares of Employers by 50.1% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 199 shares during the period. FMR LLC boosted its stake in Employers by 15.2% in the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC boosted its stake in Employers by 61.1% in the 4th quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 700 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Employers by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 262 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors.

Employers Stock Performance

Shares of EIG stock opened at $50.10 on Friday. The firm has a market cap of $1.22 billion, a P/E ratio of 10.64 and a beta of 0.21. Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.44. The business’s 50 day moving average price is $49.56 and its 200-day moving average price is $49.86.

Employers (NYSE:EIG) last released its quarterly earnings results 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. Employers had a return on equity of 8.99% and a net margin of 13.47%. The company had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. As a group, equities analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 5th. Employers’s dividend payout ratio (DPR) is 25.48%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Employers

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the sale, the insider now directly owns 8,801 shares in the company, valued at $450,963.24. This represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James R. Kroner sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $52.00, for a total value of $52,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 5,385 shares of company stock worth $276,267 over the last quarter. 1.50% of the stock is currently owned by insiders.

Employers 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.