Vanguard Group Inc. Has $148.78 Million Stock Position in Employers Holdings Inc $EIG

Key Points

• Vanguard Group Inc. increased its stake in Employers Holdings Inc (NYSE:EIG) by 0.7%, now owning approximately 12.11% of the company, valued at $148.78 million.
• The company's stock was recently upgraded from a "sell" to a "hold" rating, with an average price target of $58.00.
• Employers Holdings announced a quarterly dividend of $0.32 per share, reflecting a dividend yield of 3.0% and a payout ratio of 31.22%.

Vanguard Group Inc. raised its stake in shares of Employers Holdings Inc (NYSE:EIG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,938,058 shares of the financial services provider's stock after buying an additional 19,637 shares during the period. Vanguard Group Inc. owned approximately 12.11% of Employers worth $148,783,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake 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 buying an additional 215 shares during the period. GAMMA Investing LLC increased its stake 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 buying an additional 302 shares during the period. 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 valued at $719,000 after buying an additional 518 shares during the period. Aquatic Capital Management LLC acquired a new position in Employers during the 4th quarter valued at about $29,000. Finally, Victory Capital Management Inc. boosted its position in shares of Employers by 7.9% during the 1st quarter. Victory Capital Management Inc. now owns 10,366 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company's stock.

Wall Street Analyst Weigh In

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

Employers Trading Down 0.1%

Shares of EIG traded down $0.03 during midday trading on Tuesday, hitting $43.05. The stock had a trading volume of 163,283 shares, compared to its average volume of 239,804. Employers Holdings Inc has a fifty-two week low of $38.19 and a fifty-two week high of $54.44. The business has a 50-day simple moving average of $44.74 and a two-hundred day simple moving average of $47.46. The firm has a market cap of $1.01 billion, a P/E ratio of 10.50 and a beta of 0.52.

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

Employers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 13th. Employers's dividend payout ratio (DPR) is presently 31.22%.

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.