Employers (NYSE:EIG) Stock Price Crosses Above 200 Day Moving Average of $43.90

Employers Holdings, Inc. (NYSE:EIG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.90 and traded as high as $48.08. Employers shares last traded at $47.13, with a volume of 92,244 shares.

Analyst Upgrades and Downgrades

Separately, JMP Securities upgraded shares of Employers to a “hold” rating in a research report on Thursday, August 1st.

Employers Price Performance

The stock’s 50-day moving average is $44.78 and its 200 day moving average is $43.90. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 9.99 and a beta of 0.24.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. Employers had a return on equity of 9.95% and a net margin of 13.76%. The business had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $223.82 million. During the same period last year, the firm earned $1.17 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Analysts anticipate that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.55%. Employers’s payout ratio is currently 25.42%.

Insider Transactions at Employers

In related news, insider Ann Marie Smith sold 1,764 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $41.26, for a total transaction of $72,782.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at $278,133.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Employers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Employers in the fourth quarter valued at $7,310,000. Charles Schwab Investment Management Inc. increased its holdings in Employers by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock valued at $16,712,000 after acquiring an additional 26,555 shares in the last quarter. LSV Asset Management raised its position in Employers by 58.9% during the first quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after acquiring an additional 295,983 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Employers by 221.6% in the fourth quarter. Federated Hermes Inc. now owns 61,617 shares of the financial services provider’s stock valued at $2,428,000 after purchasing an additional 42,456 shares in the last quarter. Finally, Isthmus Partners LLC grew its position in shares of Employers by 4.2% in the fourth quarter. Isthmus Partners LLC now owns 55,851 shares of the financial services provider’s stock valued at $2,201,000 after purchasing an additional 2,227 shares during the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

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.