Teacher Retirement System of Texas purchased a new stake in Employers Holdings, Inc. (NYSE:EIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,284 shares of the financial services provider’s stock, valued at approximately $501,000.
A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Employers by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,469,965 shares of the financial services provider’s stock valued at $112,260,000 after buying an additional 27,384 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Employers by 6.2% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 664,071 shares of the financial services provider’s stock valued at $29,485,000 after buying an additional 38,910 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Employers by 2.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 232,707 shares of the financial services provider’s stock valued at $10,333,000 after buying an additional 5,242 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Employers in the fourth quarter valued at $5,031,000. Finally, California Public Employees Retirement System raised its stake in Employers by 8.5% in the third quarter. California Public Employees Retirement System now owns 75,097 shares of the financial services provider’s stock valued at $3,413,000 after buying an additional 5,897 shares in the last quarter. Institutional investors own 79.59% of the company’s stock.
A number of research firms have weighed in on EIG. ValuEngine cut Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research cut Employers from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.
In other Employers news, EVP John P. Nelson sold 9,825 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $45.68, for a total transaction of $448,806.00. Following the transaction, the executive vice president now owns 23,802 shares of the company’s stock, valued at $1,087,275.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John P. Nelson sold 3,400 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $44.56, for a total value of $151,504.00. Following the transaction, the executive vice president now directly owns 20,377 shares in the company, valued at approximately $907,999.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,904 shares of company stock worth $1,493,144. Corporate insiders own 3.50% of the company’s stock.
Employers Holdings, Inc. (NYSE:EIG) opened at $40.30 on Thursday. The stock has a market capitalization of $1,345.84, a PE ratio of 14.29 and a beta of 1.10. Employers Holdings, Inc. has a twelve month low of $35.90 and a twelve month high of $50.45.
Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.50. The company had revenue of $200.70 million for the quarter, compared to analyst estimates of $200.31 million. Employers had a return on equity of 10.51% and a net margin of 12.67%. During the same quarter last year, the company posted $0.95 earnings per share. analysts predict that Employers Holdings, Inc. will post 2.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.20 per share. This is a positive change from Employers’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.99%. Employers’s dividend payout ratio (DPR) is presently 26.23%.
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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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