Vest Financial LLC Raises Stock Position in Employers Holdings Inc $EIG

Vest Financial LLC grew its holdings in shares of Employers Holdings Inc (NYSE:EIG) by 24.9% during the second quarter, Holdings Channel reports. The firm owned 21,218 shares of the financial services provider’s stock after purchasing an additional 4,230 shares during the quarter. Vest Financial LLC’s holdings in Employers were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Employers by 16.4% during the first quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider’s stock worth $109,000 after buying an additional 302 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Employers by 8.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider’s stock worth $147,000 after buying an additional 215 shares during the period. XTX Topco Ltd purchased a new stake in shares of Employers during the first quarter worth approximately $294,000. Royal Bank of Canada increased its stake in shares of Employers by 32.8% during the first 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 period. Finally, SG Americas Securities LLC increased its stake in shares of Employers by 11.7% during the first quarter. SG Americas Securities LLC now owns 7,881 shares of the financial services provider’s stock worth $399,000 after buying an additional 826 shares during the period. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Employers Trading Down 1.4%

Shares of EIG opened at $41.57 on Thursday. The firm has a market cap of $977.31 million, a PE ratio of 10.14 and a beta of 0.50. The company’s 50 day simple moving average is $42.28 and its 200-day simple moving average is $45.62. Employers Holdings Inc has a 12-month low of $38.19 and a 12-month high of $54.44.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.46). The business had revenue of $246.30 million for the quarter, compared to analysts’ expectations of $217.17 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. As a group, equities research analysts forecast that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. Employers’s dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

EIG has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Employers in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Employers from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Wall Street Zen lowered shares of 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 and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.00.

Employers 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.