Hotchkis & Wiley Capital Management LLC Decreases Stock Holdings in Employers Holdings Inc $EIG

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Employers Holdings Inc by 30.1%, selling 85,670 shares and now holding approximately 198,705 shares valued at about $10 million.
• Employers Holdings reported earnings per share (EPS) of $0.48 for the last quarter, missing estimates by $0.46, despite a 13.5% increase in revenue year-over-year.
• The firm announced a quarterly dividend of $0.32 per share, with a scheduled payment date on August 27th, representing a dividend yield of 2.9%.

Hotchkis & Wiley Capital Management LLC cut its holdings in Employers Holdings Inc (NYSE:EIG - Free Report) by 30.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 198,705 shares of the financial services provider's stock after selling 85,670 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.83% of Employers worth $10,062,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Employers by 5,792.9% in the first quarter. GAMMA Investing LLC now owns 108,724 shares of the financial services provider's stock valued at $5,506,000 after purchasing an additional 106,879 shares during the period. Deutsche Bank AG increased its stake in shares of Employers by 121.1% during the fourth quarter. Deutsche Bank AG now owns 51,742 shares of the financial services provider's stock worth $2,651,000 after acquiring an additional 28,343 shares during the period. Vest Financial LLC acquired a new position in shares of Employers during the first quarter worth about $860,000. Assenagon Asset Management S.A. increased its stake in shares of Employers by 439.5% during the first quarter. Assenagon Asset Management S.A. now owns 50,669 shares of the financial services provider's stock worth $2,566,000 after acquiring an additional 41,277 shares during the period. Finally, LSV Asset Management increased its stake in shares of Employers by 7.1% during the first quarter. LSV Asset Management now owns 1,067,976 shares of the financial services provider's stock worth $54,082,000 after acquiring an additional 70,402 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Employers from a "hold" rating to a "sell" rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Employers currently has an average rating of "Buy" and a consensus price target of $58.00.

Employers Trading Up 0.6%

Shares of Employers stock traded up $0.28 on Friday, reaching $43.18. 144,898 shares of the stock were exchanged, compared to its average volume of 218,150. Employers Holdings Inc has a 1-year low of $38.19 and a 1-year high of $54.44. The business has a fifty day moving average price of $44.55 and a two-hundred day moving average price of $47.35. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.53 and a beta of 0.52.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.94 by ($0.46). The company had revenue of $246.30 million for the quarter, compared to analysts' expectations of $217.17 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The firm's quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. Research analysts expect that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Announces Dividend

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

Employers 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.