Assenagon Asset Management S.A. Acquires Shares of 27,580 Employers Holdings Inc $EIG

Assenagon Asset Management S.A. bought a new position in shares of Employers Holdings Inc (NYSE:EIG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 27,580 shares of the financial services provider’s stock, valued at approximately $1,135,000. Assenagon Asset Management S.A. owned about 0.15% of Employers as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its stake in Employers by 69.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 388,769 shares of the financial services provider’s stock valued at $16,783,000 after purchasing an additional 159,956 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Employers by 126.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider’s stock valued at $14,224,000 after buying an additional 183,828 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Employers by 93.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock valued at $12,459,000 after buying an additional 127,330 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Employers by 62.4% in the 3rd quarter. Two Sigma Investments LP now owns 181,591 shares of the financial services provider’s stock valued at $7,714,000 after buying an additional 69,741 shares during the period. Finally, UBS Group AG grew its position in shares of Employers by 125.0% during the 3rd quarter. UBS Group AG now owns 181,341 shares of the financial services provider’s stock valued at $7,703,000 after buying an additional 100,751 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EIG shares. Weiss Ratings raised Employers from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 26th. Zacks Research downgraded Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Employers from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Employers Price Performance

Shares of NYSE:EIG opened at $51.14 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $932.78 million, a price-to-earnings ratio of 154.97 and a beta of 0.46. The stock’s 50 day moving average price is $44.56 and its 200 day moving average price is $43.16. Employers Holdings Inc has a 12 month low of $35.73 and a 12 month high of $51.51.

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

Employers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.34 per share. This is a boost from Employers’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Employers’s dividend payout ratio (DPR) is currently 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.