Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 22.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,743 shares of the financial services provider’s stock after selling 1,066 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Employers were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EIG. Bank of Montreal Can acquired a new position in Employers during the 2nd quarter valued at about $1,522,000. Public Sector Pension Investment Board increased its stake in shares of Employers by 4.4% during the second quarter. Public Sector Pension Investment Board now owns 55,724 shares of the financial services provider’s stock valued at $2,376,000 after acquiring an additional 2,341 shares during the period. Sei Investments Co. raised its holdings in Employers by 8.0% during the second quarter. Sei Investments Co. now owns 10,678 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 795 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Employers in the second quarter worth approximately $257,000. Finally, Inspire Investing LLC boosted its stake in Employers by 4.3% during the 2nd quarter. Inspire Investing LLC now owns 8,225 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Employers Price Performance

Shares of EIG opened at $47.57 on Friday. The firm’s 50 day moving average is $46.94 and its 200-day moving average is $44.40. Employers Holdings, Inc. has a 12-month low of $36.65 and a 12-month high of $49.30. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.08 and a beta of 0.24.

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

Employers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, August 14th. Employers’s dividend payout ratio is 25.42%.

Employers Profile

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.