Assenagon Asset Management S.A. boosted its holdings in Employers Holdings Inc (NYSE:EIG - Free Report) by 439.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,669 shares of the financial services provider's stock after buying an additional 41,277 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.21% of Employers worth $2,566,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in 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 acquiring an additional 365 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Employers during the fourth quarter worth about $29,000. Lazard Asset Management LLC purchased a new stake in shares of Employers in the 4th quarter valued at about $48,000. GAMMA Investing LLC boosted its position in shares of Employers by 16.4% in the 1st quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 302 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Employers by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 80.49% of the company's stock.
Employers Stock Up 0.3%
EIG traded up $0.14 during trading on Friday, hitting $46.52. 96,488 shares of the stock were exchanged, compared to its average volume of 156,108. Employers Holdings Inc has a 1-year low of $41.65 and a 1-year high of $54.44. The stock has a fifty day moving average price of $48.30 and a two-hundred day moving average price of $49.40. The firm has a market capitalization of $1.12 billion, a P/E ratio of 11.29 and a beta of 0.56.
Employers (NYSE:EIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.18. Employers had a net margin of 11.99% and a return on equity of 9.21%. The business had revenue of $202.60 million for the quarter, compared to analyst estimates of $216.81 million. During the same period last year, the firm posted $0.67 earnings per share. The company's revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts predict that Employers Holdings Inc will post 3.63 EPS for the current year.
Employers Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.32 dividend. The ex-dividend date was Wednesday, May 14th. This is a positive change from Employers's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.75%. Employers's payout ratio is currently 31.07%.
Insider Buying and Selling at Employers
In other Employers news, EVP John M. Mutschink sold 2,000 shares of Employers 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 transaction, the executive vice president now directly owns 19,789 shares in the company, valued at approximately $972,035.68. This trade represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Pedraja bought 3,050 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $48.59 per share, for a total transaction of $148,199.50. Following the acquisition, the executive vice president now owns 7,330 shares of the company's stock, valued at approximately $356,164.70. This trade represents a 71.26% increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.
Employers Company Profile
(
Free Report)
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.
Recommended Stories

Before you consider Employers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Employers wasn't on the list.
While Employers currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.