Deutsche Bank AG Buys New Stake in Employers Holdings Inc $EIG

Key Points

• Deutsche Bank initiated a stake in Employers Holdings during the second quarter, purchasing 22,931 shares valued at approximately $1.16 million. Institutional investors collectively own 80.49% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $59 price target; Truist Financial recently upgraded the stock to “Buy” and raised its target from $49 to $59.
• Employers exceeded quarterly earnings and revenue estimates, reporting $0.70 EPS and $220.2 million in revenue, while declaring a quarterly dividend of $0.34 per share, equivalent to a 2.8% annual yield.

Deutsche Bank AG bought a new position in Employers Holdings Inc (NYSE:EIG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,931 shares of the financial services provider's stock, valued at approximately $1,158,000. Deutsche Bank AG owned approximately 0.13% of Employers at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EIG. Legato Capital Management LLC boosted its holdings in Employers by 230.7% in the fourth quarter. Legato Capital Management LLC now owns 34,479 shares of the financial services provider's stock valued at $1,488,000 after acquiring an additional 24,053 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Employers by 719.3% during the fourth quarter. Intech Investment Management LLC now owns 95,115 shares of the financial services provider's stock worth $4,106,000 after purchasing an additional 83,506 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Employers by 27.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 300,567 shares of the financial services provider's stock worth $12,365,000 after acquiring an additional 65,100 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Employers in the 4th quarter valued at about $1,606,000. Finally, Dean Capital Management boosted its position in Employers by 292.3% during the 4th quarter. Dean Capital Management now owns 65,339 shares of the financial services provider's stock worth $2,821,000 after acquiring an additional 48,683 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EIG shares. Wall Street Zen raised shares of Employers from a "sell" rating to a "hold" rating in a research note on Saturday, June 13th. Weiss Ratings raised Employers from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, June 26th. Finally, Truist Financial lifted their price objective on shares of Employers from $49.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $59.00.

Employers Price Performance

Employers stock opened at $49.21 on Monday. The company has a market capitalization of $883.81 million, a price-to-earnings ratio of 71.32 and a beta of 0.47. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.15. Employers Holdings Inc has a 12 month low of $35.73 and a 12 month high of $52.59. The stock's 50 day moving average is $49.72 and its 200-day moving average is $44.91.

Employers (NYSE:EIG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. Employers had a return on equity of 1.30% and a net margin of 0.91%.The company had revenue of $220.20 million during the quarter, compared to the consensus estimate of $203.51 million. During the same quarter last year, the firm earned $0.48 earnings per share. The company's revenue was down 10.6% on a year-over-year basis. Equities research analysts expect that Employers Holdings Inc will post 2.23 EPS for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a yield of 2.8%. Employers's dividend payout ratio is currently 197.10%.

Employers Profile

Employers Holdings, Inc NYSE: EIG is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers' compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.

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