Connor Clark & Lunn Investment Management Ltd. increased its stake in Employers Holdings Inc (NYSE:EIG - Free Report) by 69.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,118 shares of the financial services provider's stock after purchasing an additional 16,913 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Employers worth $2,082,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Employers by 5,792.9% in the 1st quarter. GAMMA Investing LLC now owns 108,724 shares of the financial services provider's stock valued at $5,506,000 after purchasing an additional 106,879 shares in the last quarter. Deutsche Bank AG grew its stake in Employers by 121.1% in the 4th quarter. Deutsche Bank AG now owns 51,742 shares of the financial services provider's stock valued at $2,651,000 after acquiring an additional 28,343 shares during the last quarter. Vest Financial LLC acquired a new stake in Employers in the 1st quarter valued at about $860,000. Assenagon Asset Management S.A. grew its stake in Employers by 439.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 50,669 shares of the financial services provider's stock valued at $2,566,000 after acquiring an additional 41,277 shares during the last quarter. Finally, LSV Asset Management grew its stake in Employers by 7.1% in the 1st 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 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 shares of Employers from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.
View Our Latest Analysis on Employers
Employers Trading Down 1.1%
Shares of NYSE EIG opened at $41.92 on Friday. The stock has a market cap of $985.45 million, a price-to-earnings ratio of 10.22 and a beta of 0.52. Employers Holdings Inc has a 52 week low of $38.19 and a 52 week high of $54.44. The company's 50-day moving average price is $45.43 and its 200 day moving average price is $47.86.
Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share (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 firm had revenue of $246.30 million for the quarter, compared to analyst estimates of $217.17 million. During the same period in the prior year, the business earned $1.10 earnings per share. Employers's revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts expect that Employers Holdings Inc will post 3.63 earnings per share for the current year.
Employers Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. Employers's dividend payout ratio (DPR) is currently 31.22%.
Insider Activity
In related news, EVP John M. Mutschink sold 2,000 shares of the firm'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 sale, the executive vice president directly owned 19,789 shares of the company's stock, valued at approximately $972,035.68. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company's stock.
Employers Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding EIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Employers Holdings Inc (NYSE:EIG - Free Report).

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