EMC Capital Management Invests $234,000 in Employers Holdings Inc $EIG

EMC Capital Management purchased a new stake in Employers Holdings Inc (NYSE:EIG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,950 shares of the financial services provider’s stock, valued at approximately $234,000.

A number of other large investors have also recently bought and sold shares of EIG. Nuveen LLC purchased a new position in Employers during the 1st quarter worth $9,814,000. LSV Asset Management grew its holdings in shares of Employers by 7.1% during the first 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. Boston Partners increased its position in Employers by 21.8% in the 2nd quarter. Boston Partners now owns 355,041 shares of the financial services provider’s stock valued at $16,252,000 after acquiring an additional 63,582 shares during the period. American Century Companies Inc. increased its position in Employers by 8.3% in the 1st quarter. American Century Companies Inc. now owns 611,947 shares of the financial services provider’s stock valued at $30,989,000 after acquiring an additional 46,793 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in Employers by 58.5% during the 1st quarter. Public Sector Pension Investment Board now owns 97,607 shares of the financial services provider’s stock valued at $4,943,000 after acquiring an additional 36,037 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Insider Activity at Employers

In other Employers news, EVP Michael Pedraja bought 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $37.09 per share, for a total transaction of $203,995.00. Following the completion of the purchase, the executive vice president owned 17,830 shares of the company’s stock, valued at $661,314.70. This trade represents a 44.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EIG shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Employers in a report on Thursday, November 13th. Zacks Research lowered shares of Employers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of Employers from a “hold” rating to a “sell” rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Employers has an average rating of “Reduce”.

Employers Price Performance

EIG opened at $39.59 on Wednesday. Employers Holdings Inc has a 12 month low of $35.73 and a 12 month high of $54.19. The stock has a market capitalization of $889.85 million, a P/E ratio of 9.66 and a beta of 0.52. The business has a 50 day simple moving average of $40.96 and a 200-day simple moving average of $44.09.

Employers (NYSE:EIG) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.71). Employers had a return on equity of 7.56% and a net margin of 11.37%.The business had revenue of $239.30 million during the quarter, compared to analysts’ expectations of $216.60 million. During the same quarter in the previous year, the company posted $0.81 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that Employers Holdings Inc will post 3.63 EPS for the current year.

Employers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.28 annualized dividend and a dividend yield of 3.2%. Employers’s dividend payout ratio (DPR) is 50.59%.

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.