Recent investing activity reveals significant changes in Employers Holdings. Isthmus Partners LLC increased its ownership by 0.5%, totaling 81,362 shares worth $35,000 after adding 375 shares. Lazard Asset Management bought shares valued at $36,000. Bessemer Group Inc. raised its stake by 983.8%, owning 1,138 shares now worth $51,000 after a 1,033 shares increase. Innealta Capital LLC invested $81,000, while Mutual of America Capital Management LLC acquired a stake valued at $201,000. Overall, institutional investors and hedge funds control 80.49% of the company’s shares.
Analyst Ratings
JMP Securities upgraded Employers to a “hold” on August 1st.
Read Our Latest Stock Analysis on Employers
Stock Performance
Shares of NYSE:EIG opened at $49.97 on Friday. The 50-day moving average is $47.50, and the 200-day average is $44.77. The stock’s 12-month range is $36.65 – $50.00, with a market cap of $1.27 billion and a price-to-earnings ratio of 10.59.
On July 31st, the company reported quarterly earnings of $1.10 per share, exceeding expectations of $1.08. Revenue was $217 million but fell short of the $223.82 million forecast. Last year, earnings were $1.17 per share, with a year-over-year revenue increase of 0.8% anticipated.
Dividend Announcement
Employers declared a quarterly dividend of $0.30, paid on August 28th to shareholders who were on record by August 14th. This amounts to an annual dividend of $1.20, yielding 2.40%, 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 for small businesses in low to medium hazard industries.
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