Employers Holdings, Inc. (NYSE:EIG) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 439.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,669 shares of the financial services provider's stock after buying an additional 41,277 shares during the period. Assenagon Asset Management S.A. owned 0.21% of Employers worth $2,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Employers by 312.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock valued at $25,000 after buying an additional 365 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Employers during the fourth quarter worth about $29,000. Lazard Asset Management LLC acquired a new stake in Employers during the fourth quarter worth about $48,000. GAMMA Investing LLC increased its position in Employers by 16.4% during 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Employers during the fourth quarter worth about $137,000. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Pedraja purchased 3,050 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $48.59 per share, for a total transaction of $148,199.50. Following the completion of the transaction, the executive vice president now directly owns 7,330 shares in the company, valued at approximately $356,164.70. The trade was a 71.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total transaction of $98,240.00. Following the sale, the executive vice president now owns 19,789 shares of the company's stock, valued at approximately $972,035.68. This represents a 9.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Employers Trading Down 0.1%

Employers stock opened at $46.88 on Tuesday. Employers Holdings, Inc. has a 12-month low of $40.97 and a 12-month high of $54.44. The stock has a market cap of $1.13 billion, a P/E ratio of 9.95 and a beta of 0.56. The company has a 50-day moving average price of $48.37 and a 200 day moving average price of $49.49.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.18. Employers had a net margin of 13.47% and a return on equity of 8.99%. The firm had revenue of $202.60 million during the quarter, compared to analysts' expectations of $216.81 million. During the same period last year, the business earned $0.67 earnings per share. Employers's revenue was down 9.2% compared to the same quarter last year. As a group, analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.32 per share. This is a boost from Employers's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, May 14th. Employers's dividend payout ratio (DPR) is presently 31.07%.

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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