Key Points
- Christina Ozuna sold 4,500 shares of Employers (NYSE:EIG) at an average price of $39.88 for $179,460, reducing her stake by 23.07% to 15,008 shares (about $598,519).
- Employers beat quarterly EPS estimates ($0.66 vs. $0.41) but revenue fell 21.3% year-over-year, and the company announced a $0.32 quarterly dividend (3.2% yield) despite a very high payout ratio of 387.88%, raising sustainability concerns.
Employers Holdings Inc (NYSE:EIG - Get Free Report) insider Christina Ozuna sold 4,500 shares of Employers stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $39.88, for a total transaction of $179,460.00. Following the sale, the insider directly owned 15,008 shares of the company's stock, valued at $598,519.04. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Employers Price Performance
NYSE EIG traded up $0.13 during trading hours on Thursday, reaching $39.74. 19,640 shares of the stock traded hands, compared to its average volume of 282,341. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $43.06 and a two-hundred day simple moving average of $41.89. Employers Holdings Inc has a 1 year low of $35.73 and a 1 year high of $51.48. The company has a market cap of $774.06 million, a price-to-earnings ratio of 120.98 and a beta of 0.57.
Employers (NYSE:EIG - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.25. The firm had revenue of $170.50 million during the quarter, compared to analysts' expectations of $217.35 million. Employers had a return on equity of 2.10% and a net margin of 1.26%.The company's revenue for the quarter was down 21.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. On average, analysts predict that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.
Employers Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.28 annualized dividend and a yield of 3.2%. Employers's dividend payout ratio is currently 387.88%.
Wall Street Analysts Forecast Growth
Several research firms have commented on EIG. Zacks Research raised shares of Employers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Employers from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Employers in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Employers presently has a consensus rating of "Buy".
Read Our Latest Research Report on Employers
Institutional Trading of Employers
Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Employers by 32.8% during the 1st quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider's stock valued at $306,000 after buying an additional 1,490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Employers by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,685 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Employers by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 67,992 shares of the financial services provider's stock valued at $3,443,000 after acquiring an additional 5,696 shares during the period. Jane Street Group LLC raised its stake in shares of Employers by 738.8% during the first quarter. Jane Street Group LLC now owns 40,448 shares of the financial services provider's stock valued at $2,048,000 after acquiring an additional 35,626 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Employers by 73.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 71,361 shares of the financial services provider's stock valued at $3,367,000 after acquiring an additional 30,243 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.
About Employers
(
Get Free Report)
Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers' compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.
The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.
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