Employers Holdings Inc $EIG Shares Acquired by Boston Partners

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

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Employers by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,938,058 shares of the financial services provider's stock worth $148,783,000 after purchasing an additional 19,637 shares during the last quarter. LSV Asset Management raised its stake in shares of Employers by 7.1% during the first quarter. LSV Asset Management now owns 1,067,976 shares of the financial services provider's stock valued at $54,082,000 after acquiring an additional 70,402 shares in the last quarter. Northern Trust Corp raised its stake in shares of Employers by 0.7% during the fourth quarter. Northern Trust Corp now owns 506,140 shares of the financial services provider's stock valued at $25,930,000 after acquiring an additional 3,364 shares in the last quarter. Nuveen LLC bought a new stake in shares of Employers during the first quarter valued at approximately $9,814,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Employers during the fourth quarter valued at approximately $7,451,000. Institutional investors own 80.49% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, EVP John M. Mutschink sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total value of $98,240.00. Following the completion of the transaction, the executive vice president owned 19,789 shares of the company's stock, valued at $972,035.68. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

Employers Stock Performance

NYSE:EIG traded up $0.2440 during trading hours on Thursday, reaching $43.0240. The company's stock had a trading volume of 30,313 shares, compared to its average volume of 168,967. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.49 and a beta of 0.52. Employers Holdings Inc has a 12 month low of $38.19 and a 12 month high of $54.44. The stock has a 50 day moving average price of $45.04 and a two-hundred day moving average price of $47.65.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.46). The business had revenue of $246.30 million during the quarter, compared to the consensus estimate of $217.17 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. As a group, analysts predict that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. Employers's payout ratio is 31.22%.

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.