Employers Holdings Inc (NYSE:EIG) Shares Sold by Morgan Stanley

Morgan Stanley reduced its position in shares of Employers Holdings Inc (NYSE:EIG) by 22.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,710 shares of the financial services provider’s stock after selling 62,144 shares during the period. Morgan Stanley owned 0.65% of Employers Holdings worth $7,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its position in shares of Employers Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 123,864 shares of the financial services provider’s stock worth $4,701,000 after buying an additional 1,189 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Employers Holdings during the first quarter worth about $539,000. Ramsey Quantitative Systems bought a new position in shares of Employers Holdings during the first quarter worth about $525,000. UBS Asset Management Americas Inc. boosted its position in shares of Employers Holdings by 87.1% in the first quarter. UBS Asset Management Americas Inc. now owns 13,842 shares of the financial services provider’s stock worth $525,000 after buying an additional 6,443 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Employers Holdings by 3.3% in the first quarter. Comerica Bank now owns 35,618 shares of the financial services provider’s stock worth $1,410,000 after buying an additional 1,135 shares during the last quarter. Institutional investors own 77.36% of the company’s stock.

Employers Holdings Inc (NYSE EIG) opened at 41.80 on Friday. The stock has a 50 day moving average price of $42.92 and a 200 day moving average price of $40.02. The stock has a market cap of $1.35 billion, a PE ratio of 12.94 and a beta of 1.09. Employers Holdings Inc has a 1-year low of $28.40 and a 1-year high of $44.55.

Employers Holdings (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. The firm had revenue of $191.10 million during the quarter, compared to analyst estimates of $194.78 million. On average, analysts predict that Employers Holdings Inc will post $2.30 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.44%. Employers Holdings’s dividend payout ratio is presently 18.63%.

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A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Employers Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, July 31st. BidaskClub cut Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, ValuEngine upgraded Employers Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

In other news, CEO Douglas D. Dirks sold 83,890 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.93, for a total transaction of $3,517,507.70. Following the completion of the sale, the chief executive officer now owns 409,535 shares in the company, valued at approximately $17,171,802.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Employers Holdings Company Profile

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.

Institutional Ownership by Quarter for Employers Holdings (NYSE:EIG)

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