Deutsche Bank AG Sells 27,276 Shares of Employers Holdings Inc $EIG

Key Points

• Deutsche Bank AG has significantly reduced its stake in Employers Holdings Inc by 52.7%, now owning 24,466 shares worth approximately $1.24 million.
• Multiple institutional investors have increased their stakes in Employers, including PNC Financial, which raised its holdings by 8%, and GAMMA Investing LLC, which increased by 16.4%.
• Employers recently announced a quarterly dividend of $0.32, representing an annual yield of 2.9%, and reported earnings of $0.48 per share, missing analysts' expectations.

Deutsche Bank AG reduced its position in Employers Holdings Inc (NYSE:EIG - Free Report) by 52.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,466 shares of the financial services provider's stock after selling 27,276 shares during the quarter. Deutsche Bank AG owned 0.10% of Employers worth $1,239,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Employers by 8.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider's stock worth $147,000 after purchasing an additional 215 shares in the last quarter. GAMMA Investing LLC raised its holdings in Employers by 16.4% in the first quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider's stock worth $109,000 after purchasing an additional 302 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Employers by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,041 shares of the financial services provider's stock worth $719,000 after purchasing an additional 518 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Employers in the fourth quarter worth about $29,000. Finally, Victory Capital Management Inc. raised its holdings in Employers by 7.9% in the first quarter. Victory Capital Management Inc. now owns 10,366 shares of the financial services provider's stock worth $525,000 after purchasing an additional 760 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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 has an average rating of "Buy" and a consensus price target of $58.00.

Insider Buying and Selling

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

Employers Stock Performance

Shares of EIG stock opened at $43.7270 on Friday. Employers Holdings Inc has a fifty-two week low of $38.19 and a fifty-two week high of $54.44. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.67 and a beta of 0.52. The stock's 50-day simple moving average is $44.88 and its 200-day simple moving average is $47.56.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly 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 for 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%.Employers's revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. As a group, equities analysts forecast that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The company 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 is Wednesday, August 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. Employers's dividend payout ratio is currently 31.22%.

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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