Dimensional Fund Advisors LP Sells 41,491 Shares of Employers Holdings Inc $EIG

Dimensional Fund Advisors LP trimmed its stake in shares of Employers Holdings Inc (NYSE:EIG) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,705,311 shares of the financial services provider’s stock after selling 41,491 shares during the period. Dimensional Fund Advisors LP owned approximately 0.09% of Employers worth $70,157,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EIG. Azarias Capital Management L.P. bought a new position in shares of Employers during the 4th quarter worth $2,983,000. Legato Capital Management LLC raised its holdings in shares of Employers by 230.7% in the fourth 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 in the last quarter. Intech Investment Management LLC lifted its stake in Employers by 719.3% in 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 during the period. Teacher Retirement System of Texas lifted its stake in Employers by 24.4% in 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 during the period. Finally, WINTON GROUP Ltd bought a new position in Employers during the 4th quarter worth about $1,606,000. 80.49% of the stock is owned by institutional investors.

Employers Stock Performance

Shares of Employers stock opened at $50.47 on Friday. The company has a market capitalization of $920.54 million, a PE ratio of 73.14 and a beta of 0.46. The company has a 50-day simple moving average of $48.14 and a two-hundred day simple moving average of $44.29. Employers Holdings Inc has a one year low of $35.73 and a one year high of $52.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.44.

Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. The firm had revenue of $220.20 million for the quarter, compared to the consensus estimate of $203.51 million. Employers had a net margin of 0.91% and a return on equity of 1.30%. The company’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. Research analysts expect that Employers Holdings Inc will post 2.15 EPS for the current fiscal year.

Employers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 12th. Employers’s payout ratio is currently 197.10%.

Wall Street Analyst Weigh In

A number of research analysts have commented on EIG shares. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Zacks Research lowered shares of Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Truist Financial boosted their price objective on shares of Employers from $49.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.00.

More Employers News

Here are the key news stories impacting Employers this week:

• Positive Sentiment: Truist raises target and upgrades shares: Truist Financial increased its price target from $49 to $59 and upgraded Employers to “Buy,” implying roughly 17% upside from the referenced price. The action signals improved confidence in the insurer’s earnings outlook. Benzinga analyst action
• Positive Sentiment: Second-quarter earnings exceeded expectations: Employers reported earnings of $0.70 per share, ahead of the $0.57 consensus estimate, while revenue of $220.2 million also surpassed expectations. EPS increased from $0.48 in the prior-year quarter, providing a favorable catalyst despite lower revenue year over year. Q2 earnings results
• Positive Sentiment: Capital returns continue: The company declared a quarterly dividend of $0.34 per share, payable August 26 to shareholders of record August 12. Employers also repurchased approximately 652,000 shares during the quarter and had $113 million remaining under its buyback authorization. Dividend announcement
• Neutral Sentiment: California strategy may support growth: Employers is expanding loss-sensitive insurance offerings as California’s 6.6% advisory rate takes effect September 1. The initiative could improve competitiveness and premium growth, but execution and the ultimate effect on underwriting results remain uncertain. California offerings expansion
• Negative Sentiment: Insurance volume and underwriting metrics weakened: Net premiums earned fell 12% year over year to $174.1 million, gross written premiums declined to $163.4 million from $203.3 million, and policies in force decreased. The combined ratio was 105.8%, indicating underwriting losses and limiting the benefit of the earnings beat.

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.