Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,665 shares of the financial services provider’s stock after selling 725 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Employers worth $885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Employers by 8.6% in the 1st quarter. JPMorgan Chase & Co. now owns 217,843 shares of the financial services provider’s stock worth $8,936,000 after buying an additional 17,271 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Employers by 56.2% in the first quarter. MetLife Investment Management LLC now owns 15,932 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 5,732 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Employers by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,108 shares of the financial services provider’s stock valued at $989,000 after purchasing an additional 2,973 shares in the last quarter. APG Asset Management N.V. purchased a new stake in Employers during the 1st quarter worth approximately $487,000. Finally, Dimensional Fund Advisors LP grew its position 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 buying an additional 6,685 shares in the last quarter. 78.57% of the stock is currently owned by hedge funds and other institutional investors.

Employers Stock Up 0.2 %

Shares of Employers stock opened at $37.99 on Monday. The business has a 50-day moving average price of $39.39 and a 200 day moving average price of $38.45. Employers Holdings, Inc. has a fifty-two week low of $35.43 and a fifty-two week high of $46.73. The firm has a market cap of $977.10 million, a P/E ratio of 8.60 and a beta of 0.24.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The business had revenue of $203.50 million for the quarter, compared to analyst estimates of $214.70 million. Employers had a return on equity of 10.56% and a net margin of 14.13%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. As a group, equities research analysts anticipate that Employers Holdings, Inc. will post 3.45 earnings per share for the current year.

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.28 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.95%. Employers’s payout ratio is currently 25.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.

Employers Profile

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.