KLP Kapitalforvaltning AS Invests $1.11 Million in Employers Holdings, Inc. (NYSE:EIG)

KLP Kapitalforvaltning AS bought a new stake in Employers Holdings, Inc. (NYSE:EIG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,700 shares of the financial services provider’s stock, valued at approximately $1,112,000. KLP Kapitalforvaltning AS owned 0.09% of Employers at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Employers by 50.1% in the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 199 shares in the last quarter. FMR LLC boosted its stake in Employers by 15.2% during the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 200 shares in the last quarter. HighTower Advisors LLC increased 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 valued at $708,000 after purchasing an additional 227 shares during the period. Sanctuary Advisors LLC increased its position in shares of Employers by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 252 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake 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 worth $137,000 after buying an additional 262 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Insider Buying and Selling

In other news, Director James R. Kroner sold 2,000 shares of Employers stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $50.90, for a total value of $101,800.00. Following the transaction, the director now directly owns 25,458 shares of the company’s stock, valued at $1,295,812.20. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ann Marie Smith sold 1,385 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the sale, the insider now owns 8,801 shares of the company’s stock, valued at approximately $450,963.24. This trade represents a 13.60 % decrease in their position. 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 corporate insiders.

Employers Price Performance

EIG stock opened at $50.38 on Monday. The firm has a market cap of $1.23 billion, a PE ratio of 10.70 and a beta of 0.21. Employers Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $54.44. The firm has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $50.00.

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

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.38%. Employers’s dividend payout ratio (DPR) is 25.48%.

Analyst Ratings Changes

Separately, StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a 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.