LSV Asset Management Sells 707,339 Shares of Employers Holdings Inc $EIG

LSV Asset Management lowered its position in Employers Holdings Inc (NYSE:EIG) by 72.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 274,774 shares of the financial services provider’s stock after selling 707,339 shares during the quarter. LSV Asset Management’s holdings in Employers were worth $11,862,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP increased its holdings in shares of Employers by 9.6% in the fourth quarter. GSA Capital Partners LLP now owns 36,606 shares of the financial services provider’s stock valued at $1,580,000 after purchasing an additional 3,216 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Employers by 36.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,296 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 3,024 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of Employers by 3.6% in the fourth quarter. Isthmus Partners LLC now owns 71,700 shares of the financial services provider’s stock valued at $3,095,000 after purchasing an additional 2,499 shares in the last quarter. Danske Bank A S increased its holdings in shares of Employers by 425.0% in the fourth quarter. Danske Bank A S now owns 2,100 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,700 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Employers by 10.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 54,563 shares of the financial services provider’s stock valued at $2,355,000 after purchasing an additional 5,234 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Insiders Place Their Bets

In other Employers news, insider Ann Marie Smith sold 5,000 shares of Employers stock in a transaction 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 sale, the insider owned 8,704 shares of the company’s stock, valued at approximately $341,980.16. The trade was a 36.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christina M. Ozuna sold 4,500 shares of Employers 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 of the company’s stock, valued at $598,519.04. This represents a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EIG shares. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Employers presently has an average rating of “Hold”.

Employers Price Performance

EIG opened at $43.92 on Tuesday. The company has a fifty day moving average price of $41.66 and a two-hundred day moving average price of $41.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.40 and a current ratio of 0.40. Employers Holdings Inc has a 52 week low of $35.73 and a 52 week high of $49.39. The firm has a market capitalization of $801.01 million, a PE ratio of 133.08 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 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Employers had a return on equity of 1.10% and a net margin of 0.95%.The business had revenue of $207.60 million for the quarter, compared to analyst estimates of $213.04 million. During the same period in the prior year, the firm posted $0.87 EPS. Employers’s revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Employers Holdings Inc will post 2.22 earnings per share for the current year.

Employers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued 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 3.1%. This is a boost from Employers’s previous quarterly dividend of $0.32. Employers’s dividend payout ratio (DPR) is presently 412.12%.

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.