Louisiana State Employees Retirement System Buys New Position in Employers Holdings Inc $EIG

Louisiana State Employees Retirement System bought a new stake in Employers Holdings Inc (NYSE:EIG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,000 shares of the financial services provider’s stock, valued at approximately $411,000. Louisiana State Employees Retirement System owned approximately 0.05% of Employers as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC grew its stake 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 acquiring an additional 368 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Employers by 133.5% in the second 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. GAMMA Investing LLC lifted its position in shares of Employers by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 411 shares in the last quarter. Danske Bank A S boosted its holdings in Employers by 425.0% during the fourth quarter. Danske Bank A S now owns 2,100 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Employers by 179.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,462 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EIG. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Finally, Zacks Research cut Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Employers Stock Down 0.8%

NYSE:EIG opened at $51.20 on Thursday. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $52.06. The firm has a market capitalization of $933.83 million, a price-to-earnings ratio of 155.14 and a beta of 0.46. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $45.51 and its two-hundred day moving average price is $43.48.

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

Employers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.34 dividend. This is an increase from Employers’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, May 13th. Employers’s dividend payout ratio is 412.12%.

Employers Profile

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.