PNC Financial Services Group Inc. Has $137,000 Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

PNC Financial Services Group Inc. raised its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,680 shares of the financial services provider’s stock after purchasing an additional 262 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Employers were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake 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 holdings in Employers by 50.1% in the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after buying an additional 199 shares in the last quarter. FMR LLC grew its holdings in Employers by 15.2% in the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC increased its position in Employers by 61.1% during the 4th quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider’s stock worth $95,000 after buying an additional 700 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of Employers during the fourth quarter worth $232,000. 80.49% of the stock is owned by institutional investors.

Employers Trading Up 1.5 %

NYSE EIG opened at $49.94 on Tuesday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.60 and a beta of 0.21. The company has a 50 day moving average of $49.63 and a 200-day moving average of $49.90. Employers Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $54.44.

Employers (NYSE:EIG) last announced 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 firm had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. On average, equities research analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.40%. Employers’s payout ratio is 25.48%.

Insider Buying and Selling at Employers

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the transaction, the insider now owns 8,801 shares of the company’s stock, valued at approximately $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Kroner sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $52.00, for a total transaction 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 have sold a total of 5,385 shares of company stock valued at $276,267 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.