193,792 Shares in Employers Holdings Inc $EIG Purchased by Nuveen LLC

Nuveen LLC acquired a new position in Employers Holdings Inc (NYSE:EIG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 193,792 shares of the financial services provider’s stock, valued at approximately $9,814,000. Nuveen LLC owned 0.81% of Employers as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EIG. Aquatic Capital Management LLC acquired a new stake in shares of Employers in the 4th quarter worth about $29,000. Lazard Asset Management LLC acquired a new stake in shares of Employers in the 4th quarter worth about $48,000. GAMMA Investing LLC increased its holdings in shares of Employers by 16.4% in the 1st quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 302 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Employers in the 4th quarter worth about $137,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Employers by 8.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Insider Buying and Selling at Employers

In other news, EVP John M. Mutschink sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 19,789 shares in the company, valued at approximately $972,035.68. This trade represents a 9.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Employers Trading Up 1.4%

Employers stock opened at $43.7270 on Friday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 10.67 and a beta of 0.52. The company’s 50-day moving average price is $44.88 and its two-hundred day moving average price is $47.57. Employers Holdings Inc has a 52 week low of $38.19 and a 52 week high of $54.44.

Employers (NYSE:EIG) last released its 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 for 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%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Research analysts expect that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.9%. Employers’s dividend payout ratio (DPR) is 31.22%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Employers currently has an average rating of “Buy” and an average target price of $58.00.

Employers Company 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.