Employers Holdings Inc (NYSE:EIG) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Employers Holdings Inc (NYSE:EIG) by 16.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the financial services provider’s stock after purchasing an additional 302 shares during the period. GAMMA Investing LLC’s holdings in Employers were worth $109,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Employers by 121.1% in the 4th quarter. Deutsche Bank AG now owns 51,742 shares of the financial services provider’s stock worth $2,651,000 after buying an additional 28,343 shares in the last quarter. Vest Financial LLC bought a new position in Employers in the 1st quarter worth $860,000. Intech Investment Management LLC raised its holdings in Employers by 103.3% in the 4th quarter. Intech Investment Management LLC now owns 12,517 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 6,359 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Employers by 181.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,205 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 15,617 shares during the last quarter. Finally, Amundi grew its position in Employers by 187.3% in the 4th quarter. Amundi now owns 12,016 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 7,833 shares during the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Employers Stock Performance

Shares of Employers stock opened at $47.77 on Monday. The firm’s 50-day simple moving average is $48.04 and its 200-day simple moving average is $48.96. Employers Holdings Inc has a twelve month low of $42.05 and a twelve month high of $54.44. The firm has a market cap of $1.15 billion, a P/E ratio of 11.59 and a beta of 0.54.

Employers (NYSE:EIG) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. Employers had a net margin of 11.99% and a return on equity of 9.21%. The firm had revenue of $202.60 million for the quarter, compared to analyst estimates of $216.81 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Wednesday, May 14th. This is a boost from Employers’s previous quarterly dividend of $0.30. Employers’s dividend payout ratio is 31.07%.

Insider Activity at Employers

In other Employers news, EVP Michael Pedraja bought 3,050 shares of Employers stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $48.59 per share, for a total transaction of $148,199.50. Following the completion of the acquisition, the executive vice president owned 7,330 shares of the company’s stock, valued at $356,164.70. This trade represents a 71.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John M. Mutschink sold 2,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total transaction of $98,240.00. Following the completion of the sale, the executive vice president owned 19,789 shares of the company’s stock, valued at approximately $972,035.68. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.