Employers Holdings Inc. (EIG) Shares Sold by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. decreased its stake in Employers Holdings Inc. (NYSE:EIG) by 36.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,909 shares of the company’s stock after selling 14,435 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.08% of Employers Holdings worth $723,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Dalton Greiner Hartman Maher & Co. purchased a new position in Employers Holdings during the second quarter valued at $12,834,000. Norges Bank purchased a new position in Employers Holdings during the fourth quarter valued at $11,721,000. Teachers Advisors Inc. boosted its position in Employers Holdings by 223.9% in the first quarter. Teachers Advisors Inc. now owns 311,419 shares of the company’s stock valued at $8,763,000 after buying an additional 215,264 shares in the last quarter. Renaissance Technologies LLC boosted its position in Employers Holdings by 51.6% in the first quarter. Renaissance Technologies LLC now owns 402,200 shares of the company’s stock valued at $11,318,000 after buying an additional 136,928 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Employers Holdings during the second quarter valued at $3,815,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.
Shares of Employers Holdings Inc. (NYSE:EIG) traded up 1.76% during trading on Tuesday, hitting $29.54. The stock had a trading volume of 125,934 shares. The firm has a market cap of $958.22 million, a price-to-earnings ratio of 9.82 and a beta of 1.05. Employers Holdings Inc. has a 52-week low of $20.86 and a 52-week high of $32.03. The firm’s 50-day moving average is $29.14 and its 200 day moving average is $29.10.
Employers Holdings (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The business earned $201.80 million during the quarter, compared to analysts’ expectations of $197.92 million. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. On average, analysts expect that Employers Holdings Inc. will post $2.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a $0.09 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. Employers Holdings’s dividend payout ratio (DPR) is presently 11.92%.
Separately, Zacks Investment Research cut Employers Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In other news, COO Stephen V. Festa sold 9,647 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $32.00, for a total value of $308,704.00. Following the completion of the transaction, the chief operating officer now owns 48,669 shares of the company’s stock, valued at approximately $1,557,408. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard P. Hallman sold 16,588 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $27.71, for a total value of $459,653.48. Following the completion of the transaction, the executive vice president now directly owns 30,342 shares of the company’s stock, valued at approximately $840,776.82. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.
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. The Company 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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