SG Americas Securities LLC bought a new position in Employers Holdings Inc (NYSE:EIG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,735 shares of the financial services provider’s stock, valued at approximately $454,000.
Several other institutional investors and hedge funds have also recently modified their holdings of EIG. Ameritas Investment Partners Inc. acquired a new stake in Employers Holdings in the 1st quarter valued at $101,000. State of Alaska Department of Revenue increased its holdings in Employers Holdings by 1.1% in the 1st quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 40 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Employers Holdings by 25.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,768 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 1,163 shares in the last quarter. Menta Capital LLC acquired a new stake in Employers Holdings in the 1st quarter valued at $238,000. Finally, Trexquant Investment LP acquired a new stake in Employers Holdings in the 1st quarter valued at $270,000. 77.33% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on EIG. BidaskClub downgraded Employers Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Employers Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.50.
Shares of Employers Holdings Inc (NYSE:EIG) opened at 41.35 on Tuesday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 12.80 and a beta of 1.10. The company has a 50-day moving average price of $42.31 and a 200 day moving average price of $40.52. Employers Holdings Inc has a one year low of $28.81 and a one year high of $44.55.
Employers Holdings (NYSE:EIG) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. The business had revenue of $191.10 million during the quarter, compared to analyst estimates of $194.78 million. Analysts expect that Employers Holdings Inc will post $2.30 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, August 7th. Employers Holdings’s payout ratio is presently 18.63%.
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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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