State of Alaska Department of Revenue Has $674,000 Stock Position in Employers Holdings Inc $EIG

State of Alaska Department of Revenue increased its stake in shares of Employers Holdings Inc (NYSE:EIG) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,307 shares of the financial services provider’s stock after buying an additional 612 shares during the period. State of Alaska Department of Revenue owned 0.06% of Employers worth $674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its position in Employers by 18.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 47,323 shares of the financial services provider’s stock worth $2,233,000 after buying an additional 7,505 shares in the last quarter. Strs Ohio acquired a new position in Employers during the 1st quarter worth about $684,000. Ellsworth Advisors LLC lifted its position in Employers by 7.0% during the 1st quarter. Ellsworth Advisors LLC now owns 14,097 shares of the financial services provider’s stock worth $714,000 after buying an additional 928 shares in the last quarter. Jane Street Group LLC lifted its position in Employers by 738.8% during the 1st quarter. Jane Street Group LLC now owns 40,448 shares of the financial services provider’s stock worth $2,048,000 after buying an additional 35,626 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Employers by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 67,992 shares of the financial services provider’s stock worth $3,443,000 after buying an additional 5,696 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Price Performance

Shares of EIG stock opened at $42.30 on Wednesday. The stock has a market cap of $994.54 million, a PE ratio of 10.32 and a beta of 0.50. The stock has a 50-day moving average of $42.22 and a 200-day moving average of $45.95. Employers Holdings Inc has a one year low of $38.19 and a one year high of $54.44.

Employers (NYSE:EIG) last announced 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). The company had revenue of $246.30 million during the quarter, compared to the consensus estimate of $217.17 million. Employers had a net margin of 11.37% and a return on equity of 7.56%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. As a group, research analysts anticipate 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 was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $0.32 dividend. The ex-dividend date of this dividend 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 is 31.22%.

Analyst Ratings Changes

A number of research firms have issued reports on EIG. Weiss Ratings restated a “hold (c)” rating on shares of Employers in a research report on Saturday, September 27th. Zacks Research upgraded shares of Employers from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Wall Street Zen downgraded shares of Employers from a “hold” rating to a “sell” rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Employers currently has an average rating of “Hold” and a consensus price target of $58.00.

About Employers

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.