Dean Capital Management Has $2.82 Million Stake in Employers Holdings Inc $EIG

Dean Capital Management raised its stake in Employers Holdings Inc (NYSE:EIG) by 292.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,339 shares of the financial services provider’s stock after acquiring an additional 48,683 shares during the period. Employers comprises about 1.2% of Dean Capital Management’s investment portfolio, making the stock its 18th largest position. Dean Capital Management owned 0.29% of Employers worth $2,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of EIG. Aquatic Capital Management LLC boosted its stake in shares of Employers by 1.2% in the 3rd quarter. Aquatic Capital Management LLC now owns 22,623 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 277 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Employers by 1.3% in the 4th quarter. Deutsche Bank AG now owns 24,084 shares of the financial services provider’s stock worth $1,040,000 after purchasing an additional 302 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Employers by 133.5% during the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 363 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Employers by 145.5% during the 4th quarter. Clearstead Advisors LLC now owns 621 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 368 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Employers by 35.7% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 411 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EIG has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of Employers from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Employers Price Performance

Shares of EIG stock opened at $46.51 on Friday. The stock’s fifty day moving average is $43.32 and its 200-day moving average is $42.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $848.40 million, a PE ratio of 140.95 and a beta of 0.49. Employers Holdings Inc has a 52 week low of $35.73 and a 52 week high of $47.91.

Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The business had revenue of $207.60 million during the quarter, compared to the consensus estimate of $213.04 million. Employers had a net margin of 0.95% and a return on equity of 1.10%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities research analysts expect that Employers Holdings Inc will post 2.15 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, May 13th. This is a boost from Employers’s previous quarterly dividend of $0.32. Employers’s dividend payout ratio is 412.12%.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.