Charles Schwab Investment Management Inc. Has $20.95 Million Stock Position in Employers Holdings Inc $EIG

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Employers Holdings Inc. to 413,672 shares, now worth approximately $20.95 million.
• Employers Holdings reported a loss of $0.46 earnings per share in its most recent quarter, missing the consensus estimate of $0.94.
• The company declared a quarterly dividend of $0.32, with an annualized yield of 3.0%, set to be paid on August 27th.

Charles Schwab Investment Management Inc. decreased its stake in shares of Employers Holdings Inc (NYSE:EIG - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 413,672 shares of the financial services provider's stock after selling 9,591 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.71% of Employers worth $20,948,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EIG. Vanguard Group Inc. raised its holdings in Employers by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,938,058 shares of the financial services provider's stock valued at $148,783,000 after acquiring an additional 19,637 shares in the last quarter. LSV Asset Management grew its holdings in shares of Employers by 7.1% during the 1st quarter. LSV Asset Management now owns 1,067,976 shares of the financial services provider's stock worth $54,082,000 after purchasing an additional 70,402 shares in the last quarter. Northern Trust Corp increased its position 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 purchasing an additional 3,364 shares during the period. Raymond James Financial Inc. bought a new position in Employers in the fourth quarter worth $7,451,000. Finally, Principal Financial Group Inc. lifted its position in Employers by 2.7% in the first quarter. Principal Financial Group Inc. now owns 123,075 shares of the financial services provider's stock worth $6,233,000 after purchasing an additional 3,226 shares during the period. Institutional investors own 80.49% of the company's stock.

Employers Price Performance

Shares of EIG stock opened at $43.0680 on Friday. The stock's fifty day simple moving average is $44.95 and its 200 day simple moving average is $47.61. Employers Holdings Inc has a one year low of $38.19 and a one year high of $54.44. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 10.50 and a beta of 0.52.

Employers (NYSE:EIG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share 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 firm had revenue of $246.30 million during the quarter, compared to the consensus estimate of $217.17 million. During the same period in the previous year, the company posted $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 anticipate that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Employers from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Employers currently has an average rating of "Buy" and an average target price of $58.00.

Insider Buying and Selling

In other news, EVP John M. Mutschink sold 2,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $49.12, for a total transaction of $98,240.00. Following the sale, the executive vice president owned 19,789 shares in the company, valued at approximately $972,035.68. This represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

About Employers

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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