Boston Partners Buys 63,582 Shares of Employers Holdings Inc $EIG

Boston Partners grew its stake in Employers Holdings Inc (NYSE:EIG) by 21.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,041 shares of the financial services provider’s stock after acquiring an additional 63,582 shares during the quarter. Boston Partners’ holdings in Employers were worth $16,252,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in Employers by 8.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 215 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Employers in the 1st quarter valued at about $294,000. First Citizens Bank & Trust Co. purchased a new position in shares of Employers in the 2nd quarter worth approximately $279,000. Royal Bank of Canada raised its stake in shares of Employers by 32.8% during the 1st quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Employers by 20.8% during the second quarter. Inspire Investing LLC now owns 8,258 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,421 shares during the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Employers Price Performance

Shares of EIG opened at $39.21 on Friday. The company’s fifty day moving average price is $41.14 and its 200-day moving average price is $44.35. Employers Holdings Inc has a 1-year low of $35.73 and a 1-year high of $54.19. The firm has a market capitalization of $881.42 million, a PE ratio of 9.56 and a beta of 0.52.

Employers (NYSE:EIG) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.71). The firm had revenue of $239.30 million for the quarter, compared to analyst estimates of $216.60 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. As a group, research analysts anticipate that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, November 12th. Employers’s dividend payout ratio is 50.59%.

Insiders Place Their Bets

In other Employers news, EVP Michael Pedraja acquired 5,500 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average cost of $37.09 per share, with a total value of $203,995.00. Following the acquisition, the executive vice president directly owned 17,830 shares of the company’s stock, valued at approximately $661,314.70. The trade was a 44.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Employers in a report on Wednesday, October 8th. Zacks Research downgraded Employers from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered Employers from a “hold” rating to a “sell” rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Employers has an average rating of “Reduce”.

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.