Employers Holdings Inc $EIG Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. boosted its stake in Employers Holdings Inc. by 158.8%, acquiring 13,305 shares, bringing its total to 21,684 shares valued at approximately $1.1 million.
• Employers Holdings reported an EPS of $0.48 for the last quarter, significantly missing estimates of $0.94, despite achieving a revenue of $246.3 million.
• The company declared a quarterly dividend of $0.32, with an annualized yield of 3.0% and a payout ratio of 31.22%.

Russell Investments Group Ltd. raised its holdings in shares of Employers Holdings Inc (NYSE:EIG - Free Report) by 158.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,684 shares of the financial services provider's stock after purchasing an additional 13,305 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Employers worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Nuveen LLC bought a new stake in shares of Employers in the 1st quarter worth about $9,814,000. GAMMA Investing LLC grew its position in shares of Employers by 5,792.9% in the 1st quarter. GAMMA Investing LLC now owns 108,724 shares of the financial services provider's stock worth $5,506,000 after buying an additional 106,879 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Employers in the 4th quarter worth approximately $4,688,000. LSV Asset Management grew its position in shares of Employers by 7.1% in the 1st quarter. LSV Asset Management now owns 1,067,976 shares of the financial services provider's stock worth $54,082,000 after buying an additional 70,402 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Employers in the 4th quarter worth approximately $2,451,000. Institutional investors own 80.49% of the company's stock.

Employers Trading Up 0.5%

NYSE EIG traded up $0.20 on Wednesday, hitting $42.82. 155,650 shares of the company's stock traded hands, compared to its average volume of 187,042. Employers Holdings Inc has a 1-year low of $38.19 and a 1-year high of $54.44. The firm's 50-day moving average price is $44.30 and its two-hundred day moving average price is $47.23. The firm has a market capitalization of $1.01 billion, a PE ratio of 10.44 and a beta of 0.53.

Employers (NYSE:EIG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) 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 firm had revenue of $246.30 million during the quarter, compared to analyst estimates of $217.17 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The business's revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts anticipate that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Employers from a "hold" rating to a "sell" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $58.00.

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.