Northern Trust Corp Grows Stock Position in Employers Holdings, Inc. (NYSE:EIG)

Northern Trust Corp boosted its position in Employers Holdings, Inc. (NYSE:EIG) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 506,140 shares of the financial services provider’s stock after buying an additional 3,364 shares during the quarter. Northern Trust Corp’s holdings in Employers were worth $25,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in Employers in the fourth quarter worth $2,451,000. Aquatic Capital Management LLC bought a new position in shares of Employers in the fourth quarter worth $29,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Employers in the fourth quarter worth $319,000. Oberweis Asset Management Inc. boosted its holdings in shares of Employers by 3.9% in the fourth quarter. Oberweis Asset Management Inc. now owns 96,100 shares of the financial services provider’s stock worth $4,923,000 after acquiring an additional 3,600 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Employers by 18.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 1,495 shares during the period. 80.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Employers

In related news, Director James R. Kroner sold 1,000 shares of Employers stock in a transaction on Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $1,167,816. This trade represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Pedraja acquired 3,050 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $48.59 per share, with a total value of $148,199.50. Following the purchase, the executive vice president now directly owns 7,330 shares of the company’s stock, valued at $356,164.70. This trade represents a 71.26% increase in their position. The disclosure for this purchase 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 Price Performance

Employers stock opened at $49.56 on Monday. Employers Holdings, Inc. has a one year low of $40.57 and a one year high of $54.44. The business has a fifty day moving average price of $48.97 and a 200-day moving average price of $50.08. The firm has a market capitalization of $1.19 billion, a P/E ratio of 10.52 and a beta of 0.56.

Employers (NYSE:EIG) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.18. Employers had a return on equity of 8.99% and a net margin of 13.47%. The firm had revenue of $202.60 million during the quarter, compared to analyst estimates of $216.81 million. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. Sell-side analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The business 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 is a positive change from Employers’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, May 14th. Employers’s dividend payout ratio (DPR) is presently 31.07%.

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.