Goldman Sachs Group Inc. Sells 25,856 Shares of Employers Holdings, Inc. (NYSE:EIG)

Goldman Sachs Group Inc. lessened its holdings in Employers Holdings, Inc. (NYSE:EIG) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 510,162 shares of the financial services provider’s stock after selling 25,856 shares during the period. Goldman Sachs Group Inc.’s holdings in Employers were worth $20,100,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EIG. PNC Financial Services Group Inc. increased its position in Employers by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 302 shares during the last quarter. SG Americas Securities LLC increased its position in Employers by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 5,702 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 737 shares during the last quarter. Wealthspire Advisors LLC bought a new position in Employers during the fourth quarter valued at $437,000. Mutual Advisors LLC bought a new position in Employers during the third quarter valued at $447,000. Finally, HighTower Advisors LLC increased its position in Employers by 5.9% during the third quarter. HighTower Advisors LLC now owns 11,272 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 627 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Insider Transactions at Employers

In other news, insider Ann Marie Smith sold 1,764 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $41.26, for a total value of $72,782.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at $278,133.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Employers Stock Up 0.3 %

EIG stock opened at $42.31 on Thursday. Employers Holdings, Inc. has a twelve month low of $35.43 and a twelve month high of $46.78. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.96 and a beta of 0.24. The firm’s fifty day simple moving average is $42.32 and its two-hundred day simple moving average is $42.29.

Employers (NYSE:EIG) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $217.46 million. Employers had a return on equity of 10.49% and a net margin of 14.16%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. As a group, equities research analysts expect that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is a boost from Employers’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.84%. Employers’s dividend payout ratio is presently 25.42%.

About Employers

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.