LSV Asset Management Has $54.08 Million Stake in Employers Holdings Inc (NYSE:EIG)

Key Points

• LSV Asset Management increased its stake in Employers Holdings Inc by 7.1%, owning 1,067,976 shares valued at approximately $54.08 million.
• Employers reported a miss in quarterly earnings, posting $0.48 EPS compared to the consensus estimate of $0.94, despite revenue rising 13.5% year-over-year.
• The company declared a quarterly dividend of $0.32 per share, reflecting an annualized dividend of $1.28 and a dividend yield of 3.3%.

LSV Asset Management increased its stake in Employers Holdings Inc (NYSE:EIG - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,067,976 shares of the financial services provider's stock after purchasing an additional 70,402 shares during the period. LSV Asset Management owned 4.40% of Employers worth $54,082,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in Employers in the fourth quarter worth $29,000. Lazard Asset Management LLC acquired a new stake in shares of Employers in the 4th quarter worth about $48,000. GAMMA Investing LLC lifted its position in 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Employers during the 4th quarter valued at about $137,000. Finally, Jump Financial LLC bought a new position in Employers in the 4th quarter worth about $230,000. Institutional investors and hedge funds own 80.49% of the company's stock.

Employers Stock Performance

Shares of EIG traded up $1.09 during mid-day trading on Wednesday, reaching $41.81. 85,493 shares of the company's stock traded hands, compared to its average volume of 166,212. The business's 50-day moving average price is $46.35 and its 200-day moving average price is $48.22. The stock has a market capitalization of $983.05 million, a P/E ratio of 10.20 and a beta of 0.52. Employers Holdings Inc has a 12 month low of $38.19 and a 12 month high of $54.44.

Employers (NYSE:EIG - Get Free Report) last announced 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). Employers had a net margin of 11.37% and a return on equity of 7.56%. The business had revenue of $246.30 million for the quarter, compared to the consensus estimate of $217.17 million. During the same period in the previous year, the firm earned $1.10 EPS. The firm's revenue was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 13th. Employers's dividend payout ratio is currently 31.22%.

Insider Buying and Selling at Employers

In related news, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction 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 directly owned 19,789 shares in the company, valued at $972,035.68. The trade was a 9.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.50% of the company's stock.

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.