Arizona State Retirement System lowered its stake in Employers Holdings, Inc. (NYSE:EIG) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,489 shares of the financial services provider’s stock after selling 676 shares during the quarter. Arizona State Retirement System’s holdings in Employers were worth $273,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of EIG. First Trust Advisors LP lifted its holdings in shares of Employers by 180.0% in the first quarter. First Trust Advisors LP now owns 99,978 shares of the financial services provider’s stock worth $4,010,000 after acquiring an additional 64,271 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Employers by 63.8% in the third quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the financial services provider’s stock valued at $408,000 after buying an additional 5,260 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Employers by 0.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 68,917 shares of the financial services provider’s stock valued at $2,085,000 after buying an additional 397 shares during the period. Anderson Fisher LLC acquired a new position in shares of Employers in the third quarter valued at approximately $1,479,000. Finally, KBC Group NV acquired a new position in shares of Employers in the third quarter valued at approximately $48,000. 79.13% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on EIG shares. TheStreet raised Employers from a “c” rating to a “b-” rating in a research note on Wednesday, February 17th. Zacks Investment Research downgraded Employers from a “hold” rating to a “sell” rating in a research note on Wednesday, December 16th.
NYSE:EIG opened at $33.45 on Tuesday. The company has a market capitalization of $970.75 million, a PE ratio of 11.66 and a beta of -0.03. The company has a 50 day simple moving average of $32.27 and a two-hundred day simple moving average of $32.16. Employers Holdings, Inc. has a fifty-two week low of $25.53 and a fifty-two week high of $43.01.
Employers (NYSE:EIG) last released its earnings results on Tuesday, February 16th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $1.05. Employers had a net margin of 11.32% and a return on equity of 5.85%. As a group, research analysts expect that Employers Holdings, Inc. will post 2.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Wednesday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, March 2nd. Employers’s dividend payout ratio is presently 31.25%.
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels; and national, regional, and local trade groups and associations, as well as directly to customers.
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