WINTON GROUP Ltd Invests $2.37 Million in Employers Holdings Inc $EIG

Key Points

• WINTON GROUP Ltd acquired 46,843 shares of Employers Holdings, valued at approximately $2.37 million, while institutional investors collectively own 80.49% of the company.
• Analysts maintain a consensus “Hold” rating with a $59 price target; Truist Financial upgraded the stock to “Buy” and raised its target from $49 to $59.
• Employers exceeded quarterly earnings expectations, reporting $0.70 in EPS versus $0.57 expected and $220.2 million in revenue, while declaring a quarterly dividend of $0.34 per share.

WINTON GROUP Ltd purchased a new stake in Employers Holdings Inc (NYSE:EIG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 46,843 shares of the financial services provider's stock, valued at approximately $2,365,000. WINTON GROUP Ltd owned approximately 0.26% of Employers as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Employers during the second quarter worth approximately $130,258,000. California State Teachers Retirement System increased its position in shares of Employers by 4,783.0% in the second quarter. California State Teachers Retirement System now owns 1,104,300 shares of the financial services provider's stock valued at $55,745,000 after buying an additional 1,081,685 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Employers by 126.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider's stock valued at $14,224,000 after buying an additional 183,828 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Employers by 69.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 388,769 shares of the financial services provider's stock worth $16,783,000 after buying an additional 159,956 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in shares of Employers by 93.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider's stock worth $12,459,000 after buying an additional 127,330 shares during the period. Institutional investors and hedge funds own 80.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EIG. Weiss Ratings raised shares of Employers from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, June 26th. Truist Financial upped their price objective on shares of Employers from $49.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Employers from a "sell" rating to a "hold" rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Employers currently has a consensus rating of "Hold" and a consensus price target of $59.00.

Employers Stock Performance

EIG opened at $49.59 on Friday. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $52.59. The firm has a market capitalization of $890.78 million, a PE ratio of 71.88 and a beta of 0.47. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.15. The firm's 50-day moving average price is $49.62 and its 200 day moving average price is $45.39.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. Employers had a net margin of 0.91% and a return on equity of 1.30%. The company had revenue of $220.20 million during the quarter, compared to the consensus estimate of $203.51 million. During the same quarter in the prior year, the firm earned $0.48 EPS. Employers's quarterly revenue was down 10.6% on a year-over-year basis. As a group, sell-side analysts expect that Employers Holdings Inc will post 2.23 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a $0.34 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.7%. Employers's dividend payout ratio is 197.10%.

Employers Company Profile

Employers Holdings, Inc NYSE: EIG is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers' compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.

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