Dean Capital Management Boosts Holdings in Employers Holdings Inc $EIG

Key Points

• Dean Capital Management increased its stake in Employers Holdings Inc. by 22.2% in Q1, owning 47,404 shares valued at approximately $2.4 million.
• Employers missed earnings estimates with reported EPS of $0.48, falling short of the consensus of $0.94, while revenue was up 13.5% year-over-year.
• The company announced a quarterly dividend of $0.32 per share, representing an annualized yield of 3.0%, with a dividend payout ratio of 31.22%.

Dean Capital Management increased its holdings in Employers Holdings Inc (NYSE:EIG - Free Report) by 22.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,404 shares of the financial services provider's stock after purchasing an additional 8,618 shares during the period. Employers accounts for 1.0% of Dean Capital Management's holdings, making the stock its 18th biggest holding. Dean Capital Management owned 0.20% of Employers worth $2,401,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Employers by 5,792.9% during the 1st quarter. GAMMA Investing LLC now owns 108,724 shares of the financial services provider's stock valued at $5,506,000 after acquiring an additional 106,879 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Employers by 121.1% during 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 bought a new position in shares of Employers during the 1st quarter valued at approximately $860,000. Assenagon Asset Management S.A. boosted its position in shares of Employers by 439.5% during 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, Russell Investments Group Ltd. boosted its position in shares of 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 last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

Employers Stock Down 0.4%

EIG stock opened at $42.43 on Tuesday. The business's fifty day simple moving average is $44.05 and its two-hundred day simple moving average is $47.08. Employers Holdings Inc has a twelve month low of $38.19 and a twelve month high of $54.44. The firm has a market cap of $997.41 million, a price-to-earnings ratio of 10.35 and a beta of 0.53.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share 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 analysts' expectations of $217.17 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. Research analysts expect that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. Employers's dividend payout ratio (DPR) is presently 31.22%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Employers from a "hold" rating to a "sell" rating in a report on Monday, August 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $58.00.

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.

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