MetLife Investment Advisors LLC acquired a new position in Employers Holdings Inc (NYSE:EIG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,789 shares of the financial services provider’s stock, valued at approximately $657,000.

Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Employers in the fourth quarter worth $204,000. Unison Advisors LLC acquired a new stake in shares of Employers in the fourth quarter worth $305,000. Citadel Advisors LLC acquired a new stake in shares of Employers in the fourth quarter worth $319,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Employers in the third quarter worth $399,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Employers in the fourth quarter worth $501,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.

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In related news, EVP Lenard T. Ormsby sold 1,381 shares of the stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $42.00, for a total transaction of $58,002.00. Following the sale, the executive vice president now directly owns 21,062 shares of the company’s stock, valued at $884,604. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John P. Nelson sold 2,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $43.23, for a total transaction of $86,460.00. Following the sale, the executive vice president now directly owns 28,672 shares in the company, valued at $1,239,490.56. The disclosure for this sale can be found here. Insiders have sold 6,060 shares of company stock worth $260,356 over the last three months. 3.50% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Employers from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research lowered shares of Employers from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.00.

NYSE:EIG opened at $41.95 on Tuesday. The firm has a market capitalization of $1,350.75, a PE ratio of 14.52 and a beta of 1.00. Employers Holdings Inc has a 1-year low of $37.10 and a 1-year high of $50.45.

Employers (NYSE:EIG) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.50. Employers had a net margin of 12.67% and a return on equity of 10.51%. The firm had revenue of $200.70 million for the quarter, compared to the consensus estimate of $200.31 million. During the same period in the prior year, the firm posted $0.95 earnings per share. research analysts forecast that Employers Holdings Inc will post 2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This is an increase from Employers’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.91%. Employers’s dividend payout ratio is 27.68%.

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About Employers

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.

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Institutional Ownership by Quarter for Employers (NYSE:EIG)

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