Vanguard Group Inc. Reduces Position in Employers Holdings Inc $EIG

Vanguard Group Inc. lessened its holdings in shares of Employers Holdings Inc (NYSE:EIG) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,626,330 shares of the financial services provider’s stock after selling 152,759 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of Employers worth $113,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Osaic Holdings Inc. boosted its stake in shares of Employers by 133.5% during the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 363 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Employers by 35.7% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 411 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Employers by 230.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,381 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Employers by 179.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,462 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Employers by 26.8% during the second quarter. BNP Paribas Financial Markets now owns 2,718 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Wall Street Analyst Weigh In

EIG has been the topic of several analyst reports. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Employers has a consensus rating of “Hold”.

Insiders Place Their Bets

In other Employers news, insider Ann Marie Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $39.29, for a total transaction of $196,450.00. Following the completion of the transaction, the insider directly owned 8,704 shares of the company’s stock, valued at approximately $341,980.16. This trade represents a 36.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christina M. Ozuna sold 4,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 15,008 shares of the company’s stock, valued at $598,519.04. This represents a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

Employers Price Performance

EIG stock opened at $41.35 on Wednesday. Employers Holdings Inc has a one year low of $35.73 and a one year high of $49.91. The company’s fifty day moving average price is $41.24 and its 200-day moving average price is $41.62. 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 capitalization of $754.15 million, a PE ratio of 125.29 and a beta of 0.48.

Employers (NYSE:EIG) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $207.60 million during the quarter, compared to the consensus estimate of $213.04 million. Employers had a return on equity of 1.10% and a net margin of 0.95%.Employers’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. On average, equities analysts anticipate that Employers Holdings Inc will post 2.22 EPS for the current fiscal year.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.3%. This is a boost from Employers’s previous quarterly dividend of $0.32. Employers’s payout ratio is 387.88%.

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.