Boston Partners Has $16.25 Million Holdings in Employers Holdings Inc $EIG

Boston Partners boosted its stake in shares of Employers Holdings Inc (NYSE:EIG) by 21.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 355,041 shares of the financial services provider’s stock after buying an additional 63,582 shares during the period. Boston Partners owned approximately 1.51% of Employers worth $16,252,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of Employers in the first quarter valued at approximately $9,814,000. LSV Asset Management raised its position in shares of Employers by 7.1% during the first quarter. LSV Asset Management now owns 1,067,976 shares of the financial services provider’s stock worth $54,082,000 after acquiring an additional 70,402 shares during the last quarter. American Century Companies Inc. grew its holdings in Employers by 8.3% during the 1st quarter. American Century Companies Inc. now owns 611,947 shares of the financial services provider’s stock worth $30,989,000 after acquiring an additional 46,793 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Employers by 58.5% during the 1st quarter. Public Sector Pension Investment Board now owns 97,607 shares of the financial services provider’s stock valued at $4,943,000 after acquiring an additional 36,037 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Employers by 738.8% in the first quarter. Jane Street Group LLC now owns 40,448 shares of the financial services provider’s stock worth $2,048,000 after acquiring an additional 35,626 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Insider Buying and Selling at Employers

In related news, EVP Michael Pedraja acquired 5,500 shares of the stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $37.09 per share, with a total value of $203,995.00. Following the purchase, the executive vice president directly owned 17,830 shares of the company’s stock, valued at approximately $661,314.70. This trade represents a 44.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EIG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a report on Tuesday. Zacks Research downgraded Employers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen lowered Employers from a “hold” rating to a “sell” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Employers Stock Up 0.6%

Shares of NYSE EIG opened at $39.85 on Friday. Employers Holdings Inc has a 52-week low of $35.73 and a 52-week high of $54.19. The company has a market cap of $895.79 million, a PE ratio of 9.72 and a beta of 0.52. The firm’s 50-day moving average price is $40.54 and its 200-day moving average price is $43.62.

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

Employers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. Employers’s dividend payout ratio (DPR) is 50.59%.

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.