Employers Holdings Inc (NYSE:EIG) Shares Acquired by LSV Asset Management

LSV Asset Management boosted its stake in Employers Holdings Inc (NYSE:EIG) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,067,976 shares of the financial services provider’s stock after acquiring an additional 70,402 shares during the quarter. LSV Asset Management owned 4.40% of Employers worth $54,082,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Employers by 158.7% in the 4th quarter. JPMorgan Chase & Co. now owns 205,698 shares of the financial services provider’s stock valued at $10,538,000 after purchasing an additional 126,186 shares during the last quarter. Norges Bank acquired a new stake in shares of Employers in the fourth quarter valued at about $8,935,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Employers by 4.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 225,466 shares of the financial services provider’s stock worth $11,551,000 after buying an additional 8,748 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Employers during the fourth quarter worth about $994,000. Finally, Wells Fargo & Company MN grew its stake in Employers by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 14,513 shares of the financial services provider’s stock valued at $743,000 after acquiring an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Insider Buying and Selling at Employers

In other Employers news, EVP John M. Mutschink sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total value of $98,240.00. Following the transaction, the executive vice president directly owned 19,789 shares in the company, valued at $972,035.68. The trade was a 9.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Pedraja purchased 3,050 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $48.59 per share, with a total value of $148,199.50. Following the purchase, the executive vice president owned 7,330 shares in the company, valued at approximately $356,164.70. This trade represents a 71.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

Employers Trading Down 5.5%

EIG stock opened at $38.99 on Friday. The company has a market cap of $937.39 million, a price-to-earnings ratio of 9.51 and a beta of 0.52. The firm has a 50-day moving average of $46.71 and a two-hundred day moving average of $48.36. Employers Holdings Inc has a 12 month low of $38.19 and a 12 month high of $54.44.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.46). The company had revenue of $246.30 million during the quarter, compared to analyst estimates of $217.17 million. Employers had a net margin of 11.37% and a return on equity of 7.56%. Employers’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. As a group, equities analysts forecast that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 13th. Employers’s payout ratio is currently 31.22%.

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.