Legato Capital Management LLC Buys 24,053 Shares of Employers Holdings Inc $EIG

Legato Capital Management LLC raised its stake in Employers Holdings Inc (NYSE:EIG) by 230.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,479 shares of the financial services provider’s stock after purchasing an additional 24,053 shares during the period. Legato Capital Management LLC’s holdings in Employers were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in Employers by 133.5% in the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 363 shares during the period. GAMMA Investing LLC boosted its holdings in Employers by 35.7% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 411 shares during the period. Danske Bank A S boosted its holdings in Employers by 425.0% in the 4th quarter. Danske Bank A S now owns 2,100 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,700 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Employers by 179.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,462 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Employers by 26.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,718 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 575 shares during the period. 80.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Employers Trading Up 0.0%

Shares of EIG stock opened at $43.92 on Monday. Employers Holdings Inc has a 52-week low of $35.73 and a 52-week high of $49.39. The stock has a market cap of $801.01 million, a price-to-earnings ratio of 133.08 and a beta of 0.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a fifty day moving average of $41.57 and a 200-day moving average of $41.77.

Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company posted $0.87 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Employers Holdings Inc will post 2.22 earnings per share for the current fiscal year.

Employers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Employers’s previous quarterly dividend of $0.32. Employers’s dividend payout ratio is currently 412.12%.

Insider Activity

In other news, insider Ann Marie Smith sold 5,000 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $39.29, for a total value of $196,450.00. Following the completion of the transaction, the insider owned 8,704 shares in the company, valued at approximately $341,980.16. This represents a 36.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christina M. Ozuna sold 4,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $39.88, for a total transaction of $179,460.00. Following the completion of the transaction, the insider owned 15,008 shares of the company’s stock, valued at approximately $598,519.04. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.30% of the company’s stock.

Employers Company Profile

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.