Recently, several large investors bought shares in Employers Holdings, Inc. Isthmus Partners increased its holdings by 0.5% in Q2, now owning 81,362 shares worth $35,000 after adding 375 shares. Lazard Asset Management bought a new stake valued at $36,000 in Q1. Bessemer Group raised its stake by 983.8%, owning 1,138 shares now valued at $51,000 after acquiring 1,033 shares. Innealta Capital also bought a new stake worth $81,000 in Q2, and Mutual of America bought a stake valued at $201,000 in Q1. Overall, institutional investors hold 80.49% of the company’s stock.
Analyst Ratings
JMP Securities upgraded Employers to a “hold” rating on August 1st.
Read Our Latest Stock Analysis on Employers
Stock Performance
On Friday, shares of NYSE:EIG opened at $49.97. Its 50-day moving average is $47.50 and the 200-day average is $44.77. The stock has a 12-month range from $36.65 to $50.00, a market cap of $1.27 billion, a P/E ratio of 10.59, and a beta of 0.24.
Employers reported quarterly earnings on July 31st, with $1.10 EPS exceeding analyst estimates of $1.08. Revenue was $217 million, slightly below forecasts of $223.82 million, but up 0.8% year-over-year. For the current year, analysts forecast 3.63 EPS.
Dividend Announcement
Employers declared a quarterly dividend of $0.30, paid on August 28th to shareholders recorded on August 14th. This annualizes to $1.20 or a yield of 2.40%. The ex-dividend date was also August 14th, with a payout ratio of 25.42%.
Company Overview
Employers Holdings, Inc. operates in commercial property and casualty insurance in the U.S., focusing on workers’ compensation insurance for small businesses through its Employers and Cerity brands.
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