UBS Asset Management Americas Inc. increased its stake in Employers Holdings Inc (NYSE:EIG) by 87.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,842 shares of the financial services provider’s stock after buying an additional 6,443 shares during the period. UBS Asset Management Americas Inc.’s holdings in Employers Holdings were worth $525,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of EIG. Comerica Bank increased its stake 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 valued at $1,410,000 after buying an additional 1,135 shares during the last quarter. Advisors Preferred LLC purchased a new stake in shares of Employers Holdings during the first quarter valued at $214,000. Great West Life Assurance Co. Can increased its stake in shares of Employers Holdings by 7.5% in the first quarter. Great West Life Assurance Co. Can now owns 47,395 shares of the financial services provider’s stock valued at $1,796,000 after buying an additional 3,318 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Employers Holdings by 31.0% in the first quarter. Russell Investments Group Ltd. now owns 30,744 shares of the financial services provider’s stock valued at $1,166,000 after buying an additional 7,270 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in shares of Employers Holdings by 4.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 617,465 shares of the financial services provider’s stock valued at $23,433,000 after buying an additional 26,600 shares during the last quarter. Institutional investors own 77.36% of the company’s stock.
Employers Holdings Inc (EIG) traded down 1.76% on Friday, reaching $41.80. 73,943 shares of the company’s stock were exchanged. Employers Holdings Inc has a 12 month low of $28.40 and a 12 month high of $44.55. The stock has a market capitalization of $1.35 billion, a PE ratio of 12.94 and a beta of 1.09. The firm has a 50 day moving average of $42.92 and a 200 day moving average of $40.02.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. The firm had revenue of $191.10 million for the quarter, compared to the consensus estimate of $194.78 million. Equities analysts predict that Employers Holdings Inc will post $2.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.15 dividend. The ex-dividend date 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 analysts recently commented on the stock. Zacks Investment Research raised shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, July 31st. BidaskClub lowered shares of Employers Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine raised shares of Employers Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of the business’s stock in a transaction dated 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 directly owns 409,535 shares of the company’s stock, valued at approximately $17,171,802.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.
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