New York State Teachers Retirement System lowered its position in shares of Employers Holdings Inc (NYSE:EIG) by 0.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,263 shares of the financial services provider’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Employers Holdings worth $1,262,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Employers Holdings during the first quarter worth approximately $101,000. State of Alaska Department of Revenue boosted its position in shares of Employers Holdings by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock worth $134,000 after buying an additional 40 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of Employers Holdings during the first quarter worth approximately $214,000. Victory Capital Management Inc. boosted its position in shares of Employers Holdings by 25.3% in the first quarter. Victory Capital Management Inc. now owns 5,768 shares of the financial services provider’s stock worth $219,000 after buying an additional 1,163 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in shares of Employers Holdings during the first quarter worth approximately $238,000. 77.36% of the stock is owned by institutional investors and hedge funds.
Employers Holdings Inc (NYSE EIG) traded down 0.12% during midday trading on Wednesday, hitting $42.35. The company had a trading volume of 52,202 shares. The stock’s 50-day moving average price is $42.95 and its 200-day moving average price is $39.95. The stock has a market cap of $1.37 billion, a PE ratio of 13.11 and a beta of 1.09. Employers Holdings Inc has a 52-week low of $28.33 and a 52-week high of $44.55.
Employers Holdings (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. The firm had revenue of $191.10 million during the quarter, compared to the consensus estimate of $194.78 million. On average, equities research analysts expect that Employers Holdings Inc will post $2.30 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.42%. Employers Holdings’s dividend payout ratio is currently 18.63%.
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A number of equities analysts have commented on the company. Zacks Investment Research raised Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, May 19th. BidaskClub cut Employers Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd.
In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.93, for a total value of $3,517,507.70. Following the completion of the transaction, the chief executive officer now directly owns 409,535 shares in the company, valued at approximately $17,171,802.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.
Employers Holdings Company Profile
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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