Recently, several major investors made moves with Employers Holdings, Inc. Lazard Asset Management LLC bought shares worth about $36,000 in the first quarter. Bessemer Group Inc. increased its holdings by 983.8% in the same quarter, now owning 1,138 shares valued at $51,000 after buying 1,033 additional shares. GAMMA Investing LLC boosted its stake by 45.5% in the third quarter, now holding 1,145 shares worth $55,000 after a purchase of 358 shares. Innealta Capital LLC also bought shares valued at approximately $81,000 in the second quarter. Finally, Mutual of America Capital Management LLC acquired a new stake worth about $201,000 in the first quarter. Overall, institutional investors own 80.49% of the company.
Analyst Ratings Changes
JMP Securities has upgraded Employers to a “hold” rating as of August 1st.
Get Our Latest Report on Employers
Employers Trading Down 1.5%
On Tuesday, EIG stocks opened at $48.65. The company has a market cap of $1.23 billion and a P/E ratio of 10.31. Its 12-month low is $36.65, and the high is $50.00. The company recently reported earnings of $1.10 per share, surpassing estimates of $1.08. Revenue was $217 million, below the expected $223.82 million. Analysts forecast a yearly EPS of 3.63.
Employers Announces Dividend
Employers recently declared a quarterly dividend of $0.30 per share, paid on August 28th to shareholders on record as of August 14th. This marks an annualized dividend of $1.20 with a yield of 2.47% and a dividend payout ratio of 25.42%.
Employers Profile
Employers Holdings, Inc. operates in commercial property and casualty insurance, focusing on workers’ compensation insurance for small businesses in the U.S.
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