American International Group Inc. lowered its position in shares of Employers Holdings, Inc. (NYSE:EIG – Free Report) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,399 shares of the financial services provider’s stock after selling 442 shares during the period. American International Group Inc. owned 0.06% of Employers worth $539,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Employers by 2.8% during the first quarter. BlackRock Inc. now owns 3,970,398 shares of the financial services provider’s stock worth $165,526,000 after purchasing an additional 109,450 shares during the period. Vanguard Group Inc. increased its stake in shares of Employers by 2.1% during the first quarter. Vanguard Group Inc. now owns 3,132,561 shares of the financial services provider’s stock worth $128,497,000 after purchasing an additional 64,725 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Employers by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,184,038 shares of the financial services provider’s stock worth $89,590,000 after purchasing an additional 6,685 shares during the period. State Street Corp increased its stake in shares of Employers by 1.2% during the second quarter. State Street Corp now owns 1,037,683 shares of the financial services provider’s stock worth $43,469,000 after purchasing an additional 12,634 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Employers by 7.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 799,162 shares of the financial services provider’s stock worth $34,468,000 after purchasing an additional 53,905 shares during the period. Institutional investors own 78.57% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.
Employers Price Performance
Employers stock opened at $37.99 on Friday. The stock’s fifty day moving average price is $39.41 and its two-hundred day moving average price is $38.48. Employers Holdings, Inc. has a one year low of $35.43 and a one year high of $46.73. The firm has a market cap of $977.10 million, a PE ratio of 8.64 and a beta of 0.24.
Employers (NYSE:EIG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Employers had a return on equity of 10.56% and a net margin of 14.13%. The firm had revenue of $203.50 million for the quarter, compared to analyst estimates of $214.70 million. During the same quarter last year, the company earned $0.56 EPS. The company’s revenue was down .4% on a year-over-year basis. Sell-side analysts expect that Employers Holdings, Inc. will post 3.45 earnings per share for the current fiscal year.
Employers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, November 7th. Employers’s dividend payout ratio is presently 25.34%.
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.
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