Norges Bank Takes Position in Employers Holdings, Inc. (NYSE:EIG)

Norges Bank acquired a new stake in shares of Employers Holdings, Inc. ( NYSE:EIG – Free Report ) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 174,405 shares of the financial services provider’s stock, valued at approximately $8,935,000.

Norges Bank owned approximately 0.71% of Employers as of its most recent filing with the Securities & Exchange Commission. Other institutional investors also recently bought and sold shares of the company.



JPMorgan Chase & Co. grew its stake in Employers by 158.7% in the fourth quarter.

JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock valued at $10,538,000 after purchasing an additional 126,186 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Employers in the 4th quarter valued at about $1,050,000.

KLP Kapitalforvaltning AS purchased a new position in shares of Employers in the 4th quarter worth approximately $1,112,000. American Century Companies Inc. raised its stake in shares of Employers by 9.

5% during the 4th quarter. American Century Companies Inc. now owns 565,154 shares of the financial services provider’s stock worth $28,953,000 after acquiring an additional 48,844 shares in the last quarter.

Finally, Teacher Retirement System of Texas lifted its position in Employers by 4.4% during the fourth quarter. Teacher Retirement System of Texas now owns 148,821 shares of the financial services provider’s stock valued at $7,624,000 after acquiring an additional 6,219 shares during the last quarter.

80.49% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Separately, StockNews.

com downgraded Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Employers Stock Performance Shares of NYSE EIG opened at $46.39 on Wednesday.

Employers Holdings, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $54.

44. The company has a market cap of $1.13 billion, a PE ratio of 9.

85 and a beta of 0.29. The business has a 50-day simple moving average of $49.

59 and a two-hundred day simple moving average of $50.05. Employers ( NYSE:EIG – Get Free Report ) last released its earnings results on Thursday, February 20th.

The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.

07. Employers had a net margin of 13.47% and a return on equity of 8.

99%. The company had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.

18 million. On average, sell-side analysts predict that Employers Holdings, Inc. will post 3.

63 earnings per share for the current fiscal year. Employers Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.

30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.

59%. The ex-dividend date was Wednesday, March 5th. Employers’s payout ratio is 25.

48%. Insider Buying and Selling In other news, insider Ann Marie Smith sold 1,385 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $51.

24, for a total value of $70,967.40. Following the sale, the insider now owns 8,801 shares in the company, valued at $450,963.

24. This represents a 13.60 % decrease in their ownership of the stock.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, Director James R. Kroner sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 25th.

The shares were sold at an average price of $50.90, for a total transaction of $101,800.00.

Following the transaction, the director now owns 25,458 shares of the company’s stock, valued at $1,295,812.20. This represents a 7.

28 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 5,385 shares of company stock worth $276,267 in the last 90 days.

Insiders own 1.50% of the company’s stock. About Employers ( Free Report ) 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. See Also Five stocks we like better than Employers How to Use High Beta Stocks to Maximize Your Investing Profits Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential Consumer Staples Stocks, Explained Qualcomm Breaks Down But RSI Signals It’s Severely Oversold The Risks of Owning Bonds Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Want to see what other hedge funds are holding EIG? Visit HoldingsChannel.

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