AQR Capital Management LLC Has $11.36 Million Stock Position in Employers Holdings, Inc. (NYSE:EIG)

AQR Capital Management LLC cut its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,483 shares of the financial services provider’s stock after selling 4,893 shares during the period. AQR Capital Management LLC owned approximately 1.05% of Employers worth $11,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC lifted its stake in Employers by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 375 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Employers during the first quarter valued at about $36,000. Bessemer Group Inc. boosted its holdings in Employers by 983.8% during the first quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,033 shares during the last quarter. Innealta Capital LLC bought a new stake in Employers in the 2nd quarter worth about $81,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Employers in the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Price Performance

NYSE EIG opened at $47.55 on Thursday. The business’s fifty day moving average is $47.04 and its 200-day moving average is $44.45. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.07 and a beta of 0.24. Employers Holdings, Inc. has a one year low of $36.65 and a one year high of $49.30.

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

Employers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, August 14th. Employers’s dividend payout ratio is currently 25.42%.

Analyst Upgrades and Downgrades

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

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.