Assenagon Asset Management S.A. Raises Holdings in Employers Holdings, Inc. (NYSE:EIG)

Assenagon Asset Management S.A. increased its position in Employers Holdings, Inc. (NYSE:EIG) by 1.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 200,660 shares of the financial services provider’s stock after buying an additional 3,257 shares during the period. Assenagon Asset Management S.A.’s holdings in Employers were worth $9,626,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EIG. LSV Asset Management raised its position in shares of Employers by 58.9% in the 1st quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after buying an additional 295,983 shares during the period. American Century Companies Inc. raised its position in shares of Employers by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock worth $19,555,000 after buying an additional 89,429 shares during the period. Bank of Montreal Can purchased a new position in shares of Employers in the 2nd quarter worth $1,522,000. Isthmus Partners LLC raised its position in shares of Employers by 45.0% in the 1st quarter. Isthmus Partners LLC now owns 80,987 shares of the financial services provider’s stock worth $3,676,000 after buying an additional 25,136 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Employers by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock worth $124,278,000 after buying an additional 16,997 shares during the period. 80.49% of the stock is owned by hedge funds and other institutional investors.

Employers Price Performance

NYSE:EIG opened at $47.52 on Monday. The business’s 50-day moving average is $47.80 and its two-hundred day moving average is $44.96. Employers Holdings, Inc. has a 12 month low of $36.65 and a 12 month high of $50.00. The firm has a market capitalization of $1.20 billion, a PE ratio of 10.07 and a beta of 0.24.

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

Employers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, August 14th. Employers’s dividend payout ratio is currently 25.42%.

Wall Street Analysts Forecast Growth

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

About Employers

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.