Bank of Montreal Can Takes $244,000 Position in Employers Holdings, Inc. (NYSE:EIG)

Bank of Montreal Can bought a new position in shares of Employers Holdings, Inc. (NYSE:EIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,764 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position 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 in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Employers by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider’s stock worth $488,000 after buying an additional 252 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Employers by 10.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 262 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Employers by 312.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 365 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Employers by 61.1% in the fourth quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Insider Activity 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Kroner sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $50.90, for a total transaction of $101,800.00. Following the sale, the director now directly owns 25,458 shares of the company’s stock, valued at approximately $1,295,812.20. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,385 shares of company stock valued at $276,267. 1.50% of the stock is owned by insiders.

Employers Stock Up 0.8 %

Shares of NYSE:EIG opened at $48.91 on Friday. The company has a 50-day moving average price of $49.30 and a 200 day moving average price of $50.05. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $54.44. The company has a market cap of $1.19 billion, a P/E ratio of 10.38 and a beta of 0.29.

Employers (NYSE:EIG) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.08 by $0.07. The business 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%. Analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, March 5th. Employers’s dividend payout ratio is presently 25.48%.

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.