GAMMA Investing LLC Purchases 106,879 Shares of Employers Holdings, Inc. (NYSE:EIG)

GAMMA Investing LLC lifted its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 5,792.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,724 shares of the financial services provider's stock after acquiring an additional 106,879 shares during the period. GAMMA Investing LLC owned approximately 0.45% of Employers worth $5,506,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC increased its stake in Employers by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 9,895 shares of the financial services provider's stock worth $488,000 after purchasing an additional 252 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Employers by 10.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the financial services provider's stock worth $137,000 after purchasing an additional 262 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Employers by 312.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the financial services provider's stock worth $25,000 after purchasing an additional 365 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Employers by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,041 shares of the financial services provider's stock worth $719,000 after purchasing an additional 518 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in Employers during the 4th quarter worth approximately $29,000. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Performance

NYSE EIG traded down $0.63 during trading hours on Friday, reaching $46.89. 144,280 shares of the company's stock were exchanged, compared to its average volume of 139,562. The company's 50-day moving average is $48.36 and its two-hundred day moving average is $49.59. Employers Holdings, Inc. has a one year low of $40.72 and a one year high of $54.44. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.96 and a beta of 0.56.

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

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid 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 dividend yield of 2.73%. The ex-dividend date was Wednesday, May 14th. Employers's dividend payout ratio (DPR) is currently 31.07%.

Insider Activity

In other Employers news, EVP John M. Mutschink sold 2,000 shares of Employers stock in a transaction dated 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 owns 19,789 shares in the company, valued at $972,035.68. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Pedraja bought 3,050 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $48.59 per share, for a total transaction of $148,199.50. Following the transaction, the executive vice president now owns 7,330 shares of the company's stock, valued at approximately $356,164.70. The trade was a 71.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

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.