Voya Investment Management LLC Has $410,000 Stake in Employers Holdings, Inc. (NYSE:EIG)

Voya Investment Management LLC lowered its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,005 shares of the financial services provider’s stock after selling 642 shares during the period. Voya Investment Management LLC’s holdings in Employers were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EIG. Barclays PLC increased its stake in Employers by 300.2% in the third quarter. Barclays PLC now owns 41,501 shares of the financial services provider’s stock valued at $1,991,000 after purchasing an additional 31,131 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Employers by 18.5% during the third quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock worth $3,814,000 after acquiring an additional 12,422 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Employers by 181.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,205 shares of the financial services provider’s stock valued at $1,240,000 after acquiring an additional 15,617 shares during the period. Intech Investment Management LLC increased its holdings in shares of Employers by 103.3% in the fourth quarter. Intech Investment Management LLC now owns 12,517 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 6,359 shares in the last quarter. Finally, Amundi raised its position in shares of Employers by 187.3% during the fourth quarter. Amundi now owns 12,016 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 7,833 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Performance

Shares of EIG opened at $49.56 on Friday. The stock has a 50 day simple moving average of $48.97 and a 200 day simple moving average of $50.07. Employers Holdings, Inc. has a 52-week low of $40.57 and a 52-week high of $54.44. The firm has a market capitalization of $1.19 billion, a PE ratio of 10.52 and a beta of 0.56.

Employers (NYSE:EIG) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.18. The company had revenue of $202.60 million during the quarter, compared to the consensus estimate of $216.81 million. Employers had a net margin of 13.47% and a return on equity of 8.99%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Equities research analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Employers’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, May 14th. Employers’s payout ratio is 31.07%.

Insider Transactions at Employers

In related news, Director James R. Kroner sold 1,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.50, for a total transaction of $51,500.00. Following the completion of the transaction, the director now owns 23,458 shares in the company, valued at approximately $1,208,087. This represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ann Marie Smith sold 1,385 shares of Employers stock in a transaction 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 in the company, valued at $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,385 shares of company stock valued at $276,267 over the last three months. Company insiders own 1.40% of the company’s stock.

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.