Nuveen LLC Takes Position in Employers Holdings Inc $EIG

Key Points

• Nuveen LLC acquired 193,792 shares of Employers Holdings Inc, worth approximately $9.8 million, increasing its ownership to 0.81% of the company.
• Employers Holdings reported an EPS of $0.48 for the last quarter, missing estimates significantly, yet its revenue increased by 13.5% year-over-year.
• The company declared a quarterly dividend of $0.32 per share, with a yield of 2.9%, payable on August 27th to shareholders of record on August 13th.

Nuveen LLC acquired a new position in Employers Holdings Inc (NYSE:EIG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 193,792 shares of the financial services provider's stock, valued at approximately $9,814,000. Nuveen LLC owned about 0.81% of Employers as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in EIG. Wells Fargo & Company MN increased its holdings in Employers by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,513 shares of the financial services provider's stock worth $743,000 after acquiring an additional 3,159 shares during the last quarter. Bank of Montreal Can purchased a new stake in Employers in the 4th quarter worth about $244,000. Barclays PLC increased its holdings in Employers by 4.7% in the 4th quarter. Barclays PLC now owns 43,459 shares of the financial services provider's stock worth $2,227,000 after acquiring an additional 1,958 shares during the last quarter. Mariner LLC increased its holdings in Employers by 18.4% in the 4th quarter. Mariner LLC now owns 11,208 shares of the financial services provider's stock worth $574,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Employers in the 4th quarter worth about $230,000. Hedge funds and other institutional investors own 80.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Employers from a "hold" rating to a "sell" rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Employers has a consensus rating of "Buy" and an average price target of $58.00.

Employers Stock Performance

NYSE EIG traded down $0.36 during trading hours on Thursday, hitting $42.99. The company had a trading volume of 168,760 shares, compared to its average volume of 235,994. Employers Holdings Inc has a 52 week low of $38.19 and a 52 week high of $54.44. The firm has a 50 day simple moving average of $44.61 and a 200 day simple moving average of $47.40. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.48 and a beta of 0.52.

Employers (NYSE:EIG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.46). Employers had a return on equity of 7.56% and a net margin of 11.37%.The company had revenue of $246.30 million during the quarter, compared to the consensus estimate of $217.17 million. During the same quarter in the prior year, the business earned $1.10 EPS. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. On average, research analysts forecast that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $0.32 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.28 annualized dividend and a yield of 3.0%. Employers's dividend payout ratio (DPR) is currently 31.22%.

Employers Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.