Brandywine Global Investment Management LLC Has $2.78 Million Position in Employers Holdings Inc $EIG

Brandywine Global Investment Management LLC cut its stake in shares of Employers Holdings Inc (NYSE:EIG) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,894 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.25% of Employers worth $2,779,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Employers by 8.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider’s stock worth $147,000 after buying an additional 215 shares during the last quarter. EMC Capital Management acquired a new position in Employers in the second quarter worth $234,000. First Citizens Bank & Trust Co. acquired a new position in Employers in the second quarter worth $279,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Employers by 4.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,172 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 257 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Employers in the first quarter valued at $294,000. Institutional investors own 80.49% of the company’s stock.

Employers Stock Down 1.0%

Shares of EIG stock opened at $39.04 on Tuesday. Employers Holdings Inc has a 12-month low of $35.73 and a 12-month high of $54.19. The firm has a fifty day moving average of $40.73 and a 200-day moving average of $43.82. The firm has a market capitalization of $877.47 million, a price-to-earnings ratio of 9.52 and a beta of 0.52.

Employers (NYSE:EIG) last posted its earnings results on Thursday, October 30th. The financial services provider reported ($1.10) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.71). Employers had a return on equity of 7.56% and a net margin of 11.37%.The business had revenue of $239.30 million for the quarter, compared to the consensus estimate of $216.60 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Research analysts expect that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, November 12th. Employers’s dividend payout ratio is presently 50.59%.

Insider Buying and Selling

In related news, EVP Michael Pedraja purchased 5,500 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $37.09 per share, with a total value of $203,995.00. Following the completion of the purchase, the executive vice president owned 17,830 shares in the company, valued at $661,314.70. This represents a 44.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Employers from a “hold” rating to a “sell” rating in a research note on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a report on Wednesday, November 19th. Finally, Zacks Research cut shares of Employers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.