Employers (NYSE:EIG) Reaches New 12-Month High at $49.05

Employers Holdings, Inc. (NYSE:EIG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $49.05 and last traded at $48.66, with a volume of 12517 shares trading hands. The stock had previously closed at $48.60.

Analyst Ratings Changes

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

Employers Stock Down 1.0 %

The business’s 50 day simple moving average is $45.73 and its two-hundred day simple moving average is $44.17. The stock has a market cap of $1.20 billion, a P/E ratio of 10.11 and a beta of 0.24.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. Employers had a return on equity of 9.95% and a net margin of 13.76%. The company had revenue of $217.00 million for the quarter, compared to analyst estimates of $223.82 million. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

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

Hedge Funds Weigh In On Employers

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Employers in the 4th quarter valued at $7,310,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Employers by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock valued at $16,712,000 after purchasing an additional 26,555 shares during the period. LSV Asset Management raised its holdings in shares of Employers by 58.9% during the first quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock valued at $36,259,000 after purchasing an additional 295,983 shares during the period. Isthmus Partners LLC boosted its position in shares of Employers by 4.2% during the 4th quarter. Isthmus Partners LLC now owns 55,851 shares of the financial services provider’s stock worth $2,201,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Employers by 4.3% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 290,745 shares of the financial services provider’s stock worth $11,455,000 after buying an additional 12,100 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

About Employers

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.