Lazard Asset Management LLC decreased its position in Employers Holdings, Inc. (NYSE:EIG – Get Rating) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,353 shares of the financial services provider’s stock after selling 585 shares during the quarter. Lazard Asset Management LLC’s holdings in Employers were worth $262,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP raised its holdings in Employers by 3.5% in the fourth quarter. First Trust Advisors LP now owns 105,000 shares of the financial services provider’s stock worth $4,345,000 after purchasing an additional 3,569 shares in the last quarter. ProShare Advisors LLC bought a new position in Employers in the fourth quarter worth $289,000. Victory Capital Management Inc. increased its holdings in shares of Employers by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 110,615 shares of the financial services provider’s stock valued at $4,577,000 after acquiring an additional 8,943 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Employers by 33.1% during the fourth quarter. American Century Companies Inc. now owns 75,024 shares of the financial services provider’s stock valued at $3,104,000 after acquiring an additional 18,675 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Employers by 45.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,686 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 4,302 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.
Several equities analysts have recently weighed in on EIG shares. Zacks Investment Research downgraded Employers from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. TheStreet downgraded Employers from a “b+” rating to a “c+” rating in a report on Wednesday, April 27th. StockNews.com started coverage on Employers in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Boenning Scattergood downgraded Employers from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 6th.
Employers (NYSE:EIG – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.21). Employers had a return on equity of 5.30% and a net margin of 13.58%. During the same period in the prior year, the company earned $0.51 earnings per share. On average, equities research analysts anticipate that Employers Holdings, Inc. will post 2.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.61%. This is an increase from Employers’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, May 10th. Employers’s dividend payout ratio (DPR) is presently 31.42%.
Employers Company Profile (Get Rating)
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels; and national, regional, and local trade groups and associations, as well as directly to customers.
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