WINTON GROUP Ltd Makes New $1.61 Million Investment in Employers Holdings Inc $EIG

WINTON GROUP Ltd acquired a new position in shares of Employers Holdings Inc (NYSE:EIG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,210 shares of the financial services provider’s stock, valued at approximately $1,606,000. WINTON GROUP Ltd owned about 0.17% of Employers at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EIG. Goldman Sachs Group Inc. raised its holdings in Employers by 126.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider’s stock worth $14,224,000 after purchasing an additional 183,828 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Employers by 93.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock valued at $12,459,000 after acquiring an additional 127,330 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Employers by 326.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 141,611 shares of the financial services provider’s stock valued at $6,016,000 after acquiring an additional 108,411 shares during the last quarter. UBS Group AG increased its stake in shares of Employers by 125.0% in the 3rd quarter. UBS Group AG now owns 181,341 shares of the financial services provider’s stock valued at $7,703,000 after acquiring an additional 100,751 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Employers by 719.3% in the 4th quarter. Intech Investment Management LLC now owns 95,115 shares of the financial services provider’s stock valued at $4,106,000 after acquiring an additional 83,506 shares during the last quarter. 80.49% of the stock is owned by institutional investors.

Employers Stock Performance

Shares of EIG stock opened at $45.73 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50-day moving average of $42.57 and a 200-day moving average of $42.20. Employers Holdings Inc has a one year low of $35.73 and a one year high of $47.91. The stock has a market cap of $834.25 million, a PE ratio of 138.58 and a beta of 0.49.

Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). Employers had a net margin of 0.95% and a return on equity of 1.10%. The business had revenue of $207.60 million during the quarter, compared to analyst estimates of $213.04 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Employers’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Employers Holdings Inc will post 2.15 earnings per share for the current year.

Employers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.34 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.0%. This is a boost from Employers’s previous quarterly dividend of $0.32. Employers’s payout ratio is presently 412.12%.

Wall Street Analyst Weigh In

EIG has been the subject of a number of recent analyst reports. Zacks Research cut Employers from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a research note on Friday, May 29th. Finally, Wall Street Zen cut Employers from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.