Hsbc Holdings PLC lifted its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 131.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,896 shares of the financial services provider’s stock after acquiring an additional 48,150 shares during the quarter. Hsbc Holdings PLC owned approximately 0.26% of Employers worth $3,563,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in EIG. Teachers Advisors LLC raised its holdings in shares of Employers by 355.7% during the third quarter. Teachers Advisors LLC now owns 272,262 shares of the financial services provider’s stock valued at $12,333,000 after acquiring an additional 212,515 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of Employers by 2,945.5% during the fourth quarter. WINTON GROUP Ltd now owns 168,659 shares of the financial services provider’s stock valued at $7,079,000 after acquiring an additional 163,121 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Employers during the third quarter valued at approximately $6,168,000. Dimensional Fund Advisors LP raised its holdings in shares of Employers by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,753,883 shares of the financial services provider’s stock valued at $124,750,000 after acquiring an additional 69,452 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Employers by 26.7% during the third quarter. TIAA CREF Investment Management LLC now owns 325,441 shares of the financial services provider’s stock valued at $14,742,000 after acquiring an additional 68,643 shares in the last quarter. Institutional investors own 79.96% of the company’s stock.
In other Employers news, SVP Lawrence S. Rogers sold 1,495 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $40.34, for a total value of $60,308.30. Following the completion of the transaction, the senior vice president now owns 11,987 shares in the company, valued at $483,555.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Valerie R. Glenn sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $41.80, for a total value of $418,000.00. Following the completion of the transaction, the director now owns 30,957 shares of the company’s stock, valued at approximately $1,294,002.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,495 shares of company stock valued at $605,178. 3.00% of the stock is owned by corporate insiders.
EIG opened at $41.13 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.01 and a beta of 0.78. Employers Holdings, Inc. has a 12-month low of $39.10 and a 12-month high of $47.97.
Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, February 20th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.62. The business had revenue of $205.80 million during the quarter, compared to the consensus estimate of $198.98 million. Employers had a return on equity of 14.04% and a net margin of 17.09%. During the same quarter in the prior year, the company earned $1.06 earnings per share. On average, equities analysts forecast that Employers Holdings, Inc. will post 2.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be issued a $0.22 dividend. This is an increase from Employers’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, March 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.14%. Employers’s dividend payout ratio is 21.41%.
Separately, Zacks Investment Research downgraded Employers from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd.
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Employers Company Profile
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; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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