10,000 Shares in Employers Holdings Inc $EIG Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Employers Holdings Inc (NYSE:EIG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the financial services provider’s stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Aquatic Capital Management LLC lifted its position in shares of Employers by 1.2% in the third quarter. Aquatic Capital Management LLC now owns 22,623 shares of the financial services provider’s stock valued at $961,000 after buying an additional 277 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Employers by 1.3% during the 4th quarter. Deutsche Bank AG now owns 24,084 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 302 shares during the last quarter. Osaic Holdings Inc. raised its stake in Employers by 133.5% in the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 363 shares during the period. Clearstead Advisors LLC raised its stake in Employers by 145.5% in the 4th quarter. Clearstead Advisors LLC now owns 621 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 368 shares during the period. Finally, GAMMA Investing LLC raised its stake in Employers by 35.7% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 411 shares during the period. Institutional investors own 80.49% of the company’s stock.

Employers Trading Down 0.8%

Shares of NYSE:EIG opened at $51.20 on Thursday. Employers Holdings Inc has a 12-month low of $35.73 and a 12-month high of $52.06. The business has a 50 day moving average of $45.51 and a 200-day moving average of $43.48. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. The stock has a market cap of $933.83 million, a PE ratio of 155.14 and a beta of 0.46.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $207.60 million for the quarter, compared to the consensus estimate of $213.04 million. Employers had a return on equity of 1.10% and a net margin of 0.95%.Employers’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. As a group, equities research analysts forecast that Employers Holdings Inc will post 2.15 earnings per share for the current year.

Employers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.36 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Employers’s previous quarterly dividend of $0.32. Employers’s payout ratio is currently 412.12%.

Wall Street Analyst Weigh In

EIG has been the subject of a number of research analyst reports. Zacks Research cut shares of Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.