GAMMA Investing LLC Buys 358 Shares of Employers Holdings, Inc. (NYSE:EIG)

GAMMA Investing LLC increased its stake in Employers Holdings, Inc. (NYSE:EIG) by 45.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,145 shares of the financial services provider’s stock after purchasing an additional 358 shares during the quarter. GAMMA Investing LLC’s holdings in Employers were worth $55,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EIG. Texas Permanent School Fund Corp grew its position in shares of Employers by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 292 shares during the period. Inspire Investing LLC boosted its holdings in Employers by 4.3% in the 2nd quarter. Inspire Investing LLC now owns 8,225 shares of the financial services provider’s stock worth $351,000 after buying an additional 336 shares during the period. Isthmus Partners LLC boosted its stake in shares of Employers by 0.5% in the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 375 shares during the period. Sei Investments Co. grew its position in shares of 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. Finally, Lazard Asset Management LLC bought a new stake in Employers during the 1st quarter valued at approximately $36,000. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Employers Price Performance

NYSE EIG opened at $49.47 on Thursday. The business has a 50 day simple moving average of $47.42 and a two-hundred day simple moving average of $44.74. Employers Holdings, Inc. has a 1-year low of $36.65 and a 1-year high of $49.62. The stock has a market capitalization of $1.25 billion, a PE ratio of 10.48 and a beta of 0.24.

Employers (NYSE:EIG) last announced its 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 firm had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $223.82 million. Employers had a net margin of 13.76% and a return on equity of 9.95%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. On average, analysts anticipate that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Wednesday, August 14th. Employers’s dividend payout ratio is currently 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.