Geode Capital Management LLC Decreases Position in Employers Holdings, Inc. (NYSE:EIG)

Geode Capital Management LLC reduced its position in Employers Holdings, Inc. (NYSE:EIG) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 578,755 shares of the financial services provider’s stock after selling 649 shares during the period. Geode Capital Management LLC’s holdings in Employers were worth $29,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC grew its position in shares of Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider’s stock worth $25,000 after buying an additional 365 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Employers by 50.1% during 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 lifted its position in Employers by 15.2% during the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC increased its holdings in Employers by 61.1% in 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, PNC Financial Services Group Inc. raised its holdings 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. 80.49% of the stock is currently owned by institutional investors.

Employers Trading Up 0.0 %

EIG opened at $48.43 on Friday. The firm’s 50-day moving average price is $49.36 and its 200 day moving average price is $50.04. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The firm has a market capitalization of $1.17 billion, a PE ratio of 10.28 and a beta of 0.29.

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

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued 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 2.48%. Employers’s payout ratio is currently 25.48%.

Analyst Upgrades and Downgrades

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

Insider Activity at Employers

In other Employers news, insider Ann Marie Smith sold 1,385 shares of Employers stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.24, for a total transaction of $70,967.40. Following the transaction, the insider now owns 8,801 shares of the company’s stock, valued at $450,963.24. The trade was a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James R. Kroner sold 1,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $51.50, for a total value of $51,500.00. Following the completion of the sale, the director now directly owns 23,458 shares of the company’s stock, valued at $1,208,087. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,385 shares of company stock valued at $276,267 over the last ninety days. Insiders own 1.50% of the company’s stock.

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.