Employers Holdings Inc $EIG Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Employers Holdings Inc (NYSE:EIG) by 719.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,115 shares of the financial services provider’s stock after purchasing an additional 83,506 shares during the quarter. Intech Investment Management LLC’s holdings in Employers were worth $4,106,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Qube Research & Technologies Ltd lifted its holdings in shares of Employers by 93.1% during the second quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock worth $12,459,000 after purchasing an additional 127,330 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Employers by 2.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 228,813 shares of the financial services provider’s stock worth $9,720,000 after purchasing an additional 4,417 shares during the period. Two Sigma Investments LP boosted its stake in shares of Employers by 62.4% in the third quarter. Two Sigma Investments LP now owns 181,591 shares of the financial services provider’s stock valued at $7,714,000 after buying an additional 69,741 shares in the last quarter. UBS Group AG grew its holdings in Employers by 125.0% during the third quarter. UBS Group AG now owns 181,341 shares of the financial services provider’s stock worth $7,703,000 after acquiring an additional 100,751 shares during the period. Finally, Millennium Management LLC grew its holdings in Employers by 41.7% during the third quarter. Millennium Management LLC now owns 179,287 shares of the financial services provider’s stock worth $7,616,000 after acquiring an additional 52,733 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

Employers Stock Down 0.1%

EIG opened at $43.46 on Tuesday. The business’s fifty day moving average is $42.09 and its two-hundred day moving average is $42.00. 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 company has a market cap of $792.78 million, a price-to-earnings ratio of 131.71 and a beta of 0.49. Employers Holdings Inc has a one year low of $35.73 and a one year high of $48.83.

Employers (NYSE:EIG) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $207.60 million for the quarter, compared to analysts’ expectations of $213.04 million. Employers had a return on equity of 1.10% and a net margin of 0.95%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Analysts anticipate that Employers Holdings Inc will post 2.15 EPS for the current fiscal year.

Employers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, May 13th. This is a positive change from Employers’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.1%. Employers’s dividend payout ratio (DPR) is presently 412.12%.

Insiders Place Their Bets

In other Employers news, insider Christina M. Ozuna sold 4,500 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $39.88, for a total transaction of $179,460.00. Following the sale, the insider directly owned 15,008 shares in the company, valued at approximately $598,519.04. The trade was a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ann Marie Smith sold 5,000 shares of the company’s 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 sale, the insider owned 8,704 shares in the company, valued at $341,980.16. This represents a 36.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EIG shares. Zacks Research lowered Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen lowered Employers from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a report on Friday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.