Isthmus Partners LLC Raises Stake in Employers Holdings, Inc. (NYSE:EIG)

Isthmus Partners LLC boosted its holdings in Employers Holdings, Inc. (NYSE:EIG) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 81,362 shares of the financial services provider’s stock after buying an additional 375 shares during the period. Isthmus Partners LLC owned approximately 0.32% of Employers worth $35,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Employers in the fourth quarter valued at about $7,310,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Employers by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock valued at $16,712,000 after acquiring an additional 26,555 shares during the last quarter. LSV Asset Management raised its position in shares of Employers by 58.9% during the 1st quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock valued at $36,259,000 after acquiring an additional 295,983 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Employers by 4.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 290,745 shares of the financial services provider’s stock worth $11,455,000 after purchasing an additional 12,100 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Employers by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock worth $124,278,000 after purchasing an additional 16,997 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities upgraded shares of Employers to a “hold” rating in a research report on Thursday, August 1st.

Employers Stock Performance

Shares of EIG traded down $0.49 during mid-day trading on Friday, reaching $47.51. 149,861 shares of the company’s stock traded hands, compared to its average volume of 132,783. Employers Holdings, Inc. has a 12 month low of $36.65 and a 12 month high of $49.30. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.07 and a beta of 0.24. The business’s 50-day moving average price is $45.73 and its 200-day moving average price is $44.17.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $217.00 million during the quarter, compared to analyst estimates of $223.82 million. Employers had a net margin of 13.76% and a return on equity of 9.95%. Employers’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Equities research analysts anticipate that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. Employers’s dividend payout ratio (DPR) is 25.42%.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.