Employers Holdings Inc (NYSE:EIG) Shares Bought by OppenheimerFunds Inc.
OppenheimerFunds Inc. boosted its stake in Employers Holdings Inc (NYSE:EIG) by 20.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,748 shares of the financial services provider’s stock after buying an additional 2,677 shares during the period. OppenheimerFunds Inc.’s holdings in Employers Holdings were worth $597,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of EIG. State Street Corp boosted its stake in shares of Employers Holdings by 6.3% in the fourth quarter. State Street Corp now owns 712,870 shares of the financial services provider’s stock worth $28,233,000 after buying an additional 42,384 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its stake in Employers Holdings by 4.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 617,465 shares of the financial services provider’s stock worth $23,433,000 after buying an additional 26,600 shares during the period. Norges Bank acquired a new stake in Employers Holdings during the fourth quarter worth approximately $18,655,000. Prudential Financial Inc. boosted its stake in Employers Holdings by 8.9% in the first quarter. Prudential Financial Inc. now owns 357,478 shares of the financial services provider’s stock worth $13,566,000 after buying an additional 29,200 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Employers Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 123,864 shares of the financial services provider’s stock worth $4,701,000 after buying an additional 1,189 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.
Shares of Employers Holdings Inc (EIG) traded down 0.47% on Tuesday, hitting $42.45. The stock had a trading volume of 61,726 shares. The stock has a 50 day moving average price of $42.77 and a 200-day moving average price of $39.65. Employers Holdings Inc has a 12-month low of $28.33 and a 12-month high of $44.55. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 13.14 and a beta of 1.09.
Employers Holdings (NYSE:EIG) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. The firm had revenue of $191.10 million for the quarter, compared to analysts’ expectations of $194.78 million. On average, equities analysts expect that Employers Holdings Inc will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a $0.15 dividend. The ex-dividend date is Monday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. Employers Holdings’s dividend payout ratio is currently 18.63%.
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A number of equities research analysts have commented on the company. BidaskClub cut Employers Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Friday, May 19th. Finally, ValuEngine upgraded Employers Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $41.93, for a total value of $3,517,507.70. Following the transaction, the chief executive officer now owns 409,535 shares of the company’s stock, valued at $17,171,802.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.
About Employers Holdings
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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