Boston Partners Acquires 10,970 Shares of Employers Holdings Inc (NYSE:EIG)

Key Points

• Boston Partners raised its stake in Employers Holdings Inc by 3.9%, acquiring an additional 10,970 shares, bringing its total ownership to approximately 1.21% valued at $14.6 million.
• Employers recently declared a quarterly dividend of $0.32 per share, with a dividend yield of 3.1% and a payout ratio of 31.22%.
• Employers Holdings reported earnings of $0.48 EPS for the last quarter, missing estimates, while revenue increased by 13.5% year-over-year, amounting to $246.3 million.

Boston Partners raised its position in shares of Employers Holdings Inc (NYSE:EIG - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,459 shares of the financial services provider's stock after buying an additional 10,970 shares during the quarter. Boston Partners owned about 1.21% of Employers worth $14,609,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Employers by 158.8% during the 1st quarter. Russell Investments Group Ltd. now owns 21,684 shares of the financial services provider's stock valued at $1,098,000 after acquiring an additional 13,305 shares during the period. Public Sector Pension Investment Board raised its position in shares of Employers by 58.5% in the 1st quarter. Public Sector Pension Investment Board now owns 97,607 shares of the financial services provider's stock worth $4,943,000 after acquiring an additional 36,037 shares in the last quarter. Nuveen LLC bought a new position in shares of Employers in the 1st quarter worth $9,814,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Employers by 69.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,118 shares of the financial services provider's stock worth $2,082,000 after acquiring an additional 16,913 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Employers by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,938,058 shares of the financial services provider's stock worth $148,783,000 after buying an additional 19,637 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Employers from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

Employers Price Performance

Shares of Employers stock opened at $41.37 on Friday. The business has a 50 day simple moving average of $45.31 and a two-hundred day simple moving average of $47.80. Employers Holdings Inc has a 12 month low of $38.19 and a 12 month high of $54.44. The stock has a market capitalization of $972.61 million, a P/E ratio of 10.09 and a beta of 0.52.

Employers (NYSE:EIG - Get Free Report) last posted its quarterly 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 net margin of 11.37% and a return on equity of 7.56%. The company had revenue of $246.30 million during the quarter, compared to analyst estimates of $217.17 million. During the same period in the prior year, the business posted $1.10 EPS. Employers's revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts anticipate that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. Employers's dividend payout ratio (DPR) is currently 31.22%.

Insider Activity

In other Employers news, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $49.12, for a total value of $98,240.00. Following the sale, the executive vice president owned 19,789 shares of the company's stock, valued at approximately $972,035.68. The trade was a 9.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Employers Company 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.

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