Capstone Asset Management Co. decreased its stake in shares of Employers Holdings Inc (NYSE:EIG) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,050 shares of the financial services provider’s stock after selling 680 shares during the period. Capstone Asset Management Co.’s holdings in Employers Holdings were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue raised its position in shares of Employers Holdings by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock valued at $134,000 after buying an additional 40 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Employers Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the financial services provider’s stock valued at $497,000 after buying an additional 200 shares in the last quarter. Legal & General Group Plc raised its position in shares of Employers Holdings by 0.4% in the first quarter. Legal & General Group Plc now owns 57,379 shares of the financial services provider’s stock valued at $2,177,000 after buying an additional 225 shares in the last quarter. Arizona State Retirement System raised its position in shares of Employers Holdings by 1.8% in the first quarter. Arizona State Retirement System now owns 16,792 shares of the financial services provider’s stock valued at $637,000 after buying an additional 300 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Employers Holdings by 7.2% in the first quarter. Mason Street Advisors LLC now owns 7,517 shares of the financial services provider’s stock valued at $285,000 after buying an additional 505 shares in the last quarter. 77.61% of the stock is currently owned by institutional investors.

Shares of Employers Holdings Inc (NYSE EIG) traded down 0.70% on Thursday, reaching $42.40. The company had a trading volume of 9,495 shares. Employers Holdings Inc has a 52 week low of $28.33 and a 52 week high of $44.55. The company has a market capitalization of $1.37 billion, a P/E ratio of 13.13 and a beta of 1.09. The company has a 50 day moving average of $42.81 and a 200-day moving average of $39.78.

Employers Holdings (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. The company had revenue of $191.10 million for the quarter, compared to analysts’ expectations of $194.78 million. Analysts predict that Employers Holdings Inc will post $2.30 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, August 7th. Employers Holdings’s dividend payout ratio is presently 18.63%.

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Several research analysts recently issued reports on the company. BidaskClub lowered Employers Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, May 19th. Finally, ValuEngine raised Employers Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.93, for a total value of $3,517,507.70. Following the sale, the chief executive officer now directly owns 409,535 shares in the company, valued at $17,171,802.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by company insiders.

Employers Holdings Company Profile

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.

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Institutional Ownership by Quarter for Employers Holdings (NYSE:EIG)

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