WINTON GROUP Ltd Invests $2.37 Million in Employers Holdings Inc $EIG

WINTON GROUP Ltd purchased a new stake in shares of Employers Holdings Inc (NYSE:EIG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,843 shares of the financial services provider’s stock, valued at approximately $2,365,000.

A number of other hedge funds have also recently modified their holdings of EIG. BlackRock Inc. acquired a new stake in Employers during the second quarter worth about $130,258,000. California State Teachers Retirement System boosted its holdings in Employers by 4,783.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,104,300 shares of the financial services provider’s stock valued at $55,745,000 after purchasing an additional 1,081,685 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Employers by 126.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider’s stock valued at $14,224,000 after buying an additional 183,828 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Employers by 69.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 388,769 shares of the financial services provider’s stock valued at $16,783,000 after buying an additional 159,956 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Employers by 93.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock worth $12,459,000 after buying an additional 127,330 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Employers Trading Up 0.9%

Shares of NYSE EIG opened at $49.59 on Friday. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $52.59. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $49.62 and a 200-day simple moving average of $45.39. The stock has a market capitalization of $890.78 million, a PE ratio of 71.88 and a beta of 0.47.

Employers (NYSE:EIG) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. Employers had a return on equity of 1.30% and a net margin of 0.91%.The firm had revenue of $220.20 million for the quarter, compared to analyst estimates of $203.51 million. During the same quarter in the prior year, the company earned $0.48 EPS. Employers’s revenue was down 10.6% on a year-over-year basis. On average, equities analysts forecast that Employers Holdings Inc will post 2.23 earnings per share for the current year.

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a yield of 2.7%. Employers’s dividend payout ratio is 197.10%.

Wall Street Analysts Forecast Growth

EIG has been the topic of several analyst reports. Weiss Ratings raised shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Wall Street Zen upgraded Employers from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Truist Financial raised their target price on Employers from $49.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Employers presently has an average rating of “Hold” and an average price target of $59.00.

Employers 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.