Russell Investments Group Ltd. Acquires 13,305 Shares of Employers Holdings Inc $EIG

Russell Investments Group Ltd. grew its position in shares of Employers Holdings Inc (NYSE:EIG) by 158.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,684 shares of the financial services provider’s stock after buying an additional 13,305 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Employers worth $1,098,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EIG. Wells Fargo & Company MN increased its position 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 worth $743,000 after buying an additional 3,159 shares during the period. Barclays PLC increased its position in Employers by 4.7% during the 4th quarter. Barclays PLC now owns 43,459 shares of the financial services provider’s stock worth $2,227,000 after buying an additional 1,958 shares during the period. Mariner LLC increased its position in Employers by 18.4% during the 4th quarter. Mariner LLC now owns 11,208 shares of the financial services provider’s stock worth $574,000 after buying an additional 1,743 shares during the period. MetLife Investment Management LLC increased its position in Employers by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,177 shares of the financial services provider’s stock worth $778,000 after buying an additional 1,191 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Employers by 18.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,561 shares of the financial services provider’s stock worth $490,000 after buying an additional 1,495 shares during the period. Institutional investors own 80.49% of the company’s stock.

Employers Stock Performance

Shares of NYSE EIG opened at $42.99 on Friday. Employers Holdings Inc has a 52 week low of $38.19 and a 52 week high of $54.44. The stock has a market capitalization of $1.01 billion, a P/E ratio of 10.48 and a beta of 0.52. The stock’s fifty day moving average is $44.61 and its 200 day moving average is $47.40.

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

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.32 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. Employers’s dividend payout ratio (DPR) is presently 31.22%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Employers from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $58.00.

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.