Dean Capital Management Trims Stock Holdings in Employers Holdings Inc $EIG

Dean Capital Management decreased its position in Employers Holdings Inc (NYSE:EIG) by 23.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,241 shares of the financial services provider’s stock after selling 15,098 shares during the quarter. Dean Capital Management’s holdings in Employers were worth $2,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Azarias Capital Management L.P. purchased a new stake in shares of Employers in the 4th quarter worth about $2,983,000. Legato Capital Management LLC lifted its position in Employers by 230.7% during the 4th quarter. Legato Capital Management LLC now owns 34,479 shares of the financial services provider’s stock valued at $1,488,000 after acquiring an additional 24,053 shares during the period. Intech Investment Management LLC boosted its stake in Employers by 719.3% during the fourth quarter. Intech Investment Management LLC now owns 95,115 shares of the financial services provider’s stock worth $4,106,000 after acquiring an additional 83,506 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Employers by 24.4% during the fourth quarter. Teacher Retirement System of Texas now owns 139,159 shares of the financial services provider’s stock worth $6,007,000 after acquiring an additional 27,299 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Employers in the fourth quarter worth about $1,606,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Wall Street Analyst Weigh In

EIG has been the subject of a number of analyst reports. Weiss Ratings raised shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Zacks Research cut Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded Employers from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Employers Price Performance

EIG opened at $49.77 on Monday. The stock has a 50-day moving average price of $47.47 and a 200-day moving average price of $44.07. 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 firm has a market cap of $907.88 million, a PE ratio of 150.83 and a beta of 0.46. Employers Holdings Inc has a 1 year low of $35.73 and a 1 year high of $52.06.

Employers (NYSE:EIG) last announced its quarterly earnings results 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 return on equity of 1.10% and a net margin of 0.95%.The firm had revenue of $207.60 million during the quarter, compared to the consensus estimate of $213.04 million. During the same quarter in the previous year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that Employers Holdings Inc will post 2.15 earnings per share for the current fiscal year.

Employers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.34 dividend. This is a boost from Employers’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, May 13th. Employers’s payout ratio is currently 412.12%.

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.