Strs Ohio Makes New Investment in Employers Holdings Inc $EIG

Key Points

• Strs Ohio acquired 13,500 shares of Employers Holdings Inc, valued at approximately $684,000, indicating growing institutional investment in the company.
• Employers Holdings reported a missed earnings target for the last quarter, with earnings per share of $0.48 compared to the expected $0.94, despite a revenue increase of 13.5% year-over-year.
• The company recently declared a quarterly dividend of $0.32 per share, which reflects an annualized yield of 3.0% on the stock price.

Strs Ohio bought a new position in Employers Holdings Inc (NYSE:EIG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,500 shares of the financial services provider's stock, valued at approximately $684,000. Strs Ohio owned about 0.06% of Employers as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in Employers during the 4th quarter valued at $48,000. GAMMA Investing LLC increased its holdings in Employers by 16.4% during 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. PNC Financial Services Group Inc. increased its holdings in Employers by 8.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 215 shares during the period. XTX Topco Ltd purchased a new position in Employers during the 1st quarter valued at about $294,000. Finally, Royal Bank of Canada grew its position in shares of Employers by 32.8% in the 1st quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider's stock worth $306,000 after buying an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.

Employers Stock Down 0.4%

Shares of EIG stock traded down $0.17 during trading hours on Tuesday, hitting $42.24. 7,244 shares of the company's stock traded hands, compared to its average volume of 174,627. The stock's fifty day simple moving average is $43.06 and its two-hundred day simple moving average is $46.48. Employers Holdings Inc has a 12-month low of $38.19 and a 12-month high of $54.44. The stock has a market cap of $993.06 million, a price-to-earnings ratio of 10.30 and a beta of 0.53.

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

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $0.32 dividend. The ex-dividend date 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 presently 31.22%.

Analyst Upgrades and Downgrades

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

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.