Louisiana State Employees Retirement System Continues to Hold Stake in Employers Holdings Inc (EIG)
Louisiana State Employees Retirement System maintained its position in Employers Holdings Inc (NYSE:EIG) during the second quarter, Holdings Channel reports. The fund owned 13,100 shares of the financial services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Employers Holdings were worth $554,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stevens Capital Management LP purchased a new position in Employers Holdings during the first quarter worth approximately $428,000. State of Tennessee Treasury Department increased its position in Employers Holdings by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 29,672 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 4,478 shares in the last quarter. Parametric Portfolio Associates LLC raised 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 valued at $4,701,000 after buying an additional 1,189 shares during the last quarter. Karp Capital Management Corp bought a new stake in Employers Holdings during the first quarter valued at $539,000. Finally, Ramsey Quantitative Systems bought a new stake in Employers Holdings during the first quarter valued at $525,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.
Employers Holdings Inc (NYSE EIG) traded down 0.47% during mid-day trading on Thursday, reaching $42.50. The company had a trading volume of 10,903 shares. The stock has a 50 day moving average of $42.81 and a 200 day moving average of $39.78. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 13.16 and a beta of 1.09. Employers Holdings Inc has a 52 week low of $28.33 and a 52 week high of $44.55.
Employers Holdings (NYSE:EIG) last issued its quarterly 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. The firm had revenue of $191.10 million for the quarter, compared to analyst estimates of $194.78 million. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. Analysts anticipate that Employers Holdings Inc will post $2.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, August 7th. Employers Holdings’s dividend payout ratio is presently 18.63%.
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EIG has been the topic of several recent research reports. Zacks Investment Research upgraded Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, May 19th. ValuEngine upgraded Employers Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Employers Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd.
In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.93, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.00% of the company’s stock.
Employers Holdings Company Profile
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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