Deutsche Bank AG Cuts Position in 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 trimmed its holdings in shares of Employers Holdings Inc (NYSE:EIG - Free Report) by 52.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,466 shares of the financial services provider's stock after selling 27,276 shares during the period. Deutsche Bank AG owned approximately 0.10% of Employers worth $1,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Employers by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 14,513 shares of the financial services provider's stock worth $743,000 after buying an additional 3,159 shares during the period. Barclays PLC raised its stake in shares of Employers by 4.7% during the 4th quarter. Barclays PLC now owns 43,459 shares of the financial services provider's stock worth $2,227,000 after buying an additional 1,958 shares during the period. Mariner LLC boosted its holdings in Employers by 18.4% in the 4th quarter. Mariner LLC now owns 11,208 shares of the financial services provider's stock worth $574,000 after buying an additional 1,743 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Employers in the fourth quarter valued at approximately $230,000. Finally, MetLife Investment Management LLC lifted its position in shares of Employers by 8.5% in the fourth quarter. MetLife Investment Management LLC now owns 15,177 shares of the financial services provider's stock valued at $778,000 after acquiring an additional 1,191 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Employers Price Performance

Employers stock traded up $0.28 during trading on Friday, reaching $43.18. 144,898 shares of the company were exchanged, compared to its average volume of 218,150. Employers Holdings Inc has a 52-week low of $38.19 and a 52-week high of $54.44. The company has a market capitalization of $1.02 billion, a P/E ratio of 10.53 and a beta of 0.52. The stock's 50 day simple moving average is $44.55 and its two-hundred day simple moving average is $47.36.

Employers (NYSE:EIG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.46). Employers had a return on equity of 7.56% and a net margin of 11.37%.The company had revenue of $246.30 million for the quarter, compared to analysts' expectations of $217.17 million. During the same quarter in the previous year, the business posted $1.10 EPS. The business's quarterly revenue was up 13.5% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, August 13th. Employers's dividend payout ratio is presently 31.22%.

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.