Employers Holdings Inc $EIG Stock Holdings Lifted by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Employers Holdings Inc by 18.8% in Q2, owning approximately 0.20% of the company valued at $2.23 million.
• Employers reported a $0.48 EPS for the last quarter, which missed the consensus estimate of $0.94, despite a 13.5% year-over-year revenue growth to $246.30 million.
• The company recently declared a quarterly dividend of $0.32, yielding 3.0%, with a payout ratio of 31.22%.

Exchange Traded Concepts LLC grew its stake in shares of Employers Holdings Inc (NYSE:EIG - Free Report) by 18.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,323 shares of the financial services provider's stock after purchasing an additional 7,505 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.20% of Employers worth $2,233,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in Employers in the fourth quarter worth about $48,000. GAMMA Investing LLC lifted 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 valued at $109,000 after acquiring an additional 302 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Employers by 8.0% during the 1st 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 during the period. XTX Topco Ltd purchased a new position in shares of Employers during the 1st quarter valued at approximately $294,000. Finally, Royal Bank of Canada increased its position in shares of Employers by 32.8% in the first quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider's stock valued at $306,000 after buying an additional 1,490 shares in 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 lowered Employers from a "hold" rating to a "sell" rating in a research note on Monday, August 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $58.00.

Employers Stock Up 0.3%

NYSE:EIG traded up $0.11 during mid-day trading on Monday, reaching $42.35. 198,279 shares of the stock were exchanged, compared to its average volume of 210,098. The stock has a market capitalization of $995.65 million, a P/E ratio of 10.33 and a beta of 0.53. Employers Holdings Inc has a 1 year low of $38.19 and a 1 year high of $54.44. The company has a 50 day simple moving average of $43.06 and a 200-day simple moving average of $46.48.

Employers (NYSE:EIG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.46). The company had revenue of $246.30 million for the quarter, compared to analyst estimates of $217.17 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, research analysts predict that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. Employers's payout ratio is 31.22%.

Employers Company 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.