Cornercap Investment Counsel Inc. bought a new position in shares of Employers Holdings, Inc. (NYSE:EIG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 16,270 shares of the financial services provider’s stock, valued at approximately $722,000.

Several other large investors also recently modified their holdings of the company. American International Group Inc. increased its position in shares of Employers by 5.8% during the third quarter. American International Group Inc. now owns 25,259 shares of the financial services provider’s stock worth $1,148,000 after acquiring an additional 1,382 shares during the period. New York State Common Retirement Fund increased its position in shares of Employers by 4.2% during the third quarter. New York State Common Retirement Fund now owns 42,090 shares of the financial services provider’s stock worth $1,913,000 after acquiring an additional 1,700 shares during the period. Swiss National Bank increased its position in shares of Employers by 3.6% during the fourth quarter. Swiss National Bank now owns 55,200 shares of the financial services provider’s stock worth $2,451,000 after acquiring an additional 1,900 shares during the period. Legal & General Group Plc increased its position in shares of Employers by 3.5% during the third quarter. Legal & General Group Plc now owns 64,595 shares of the financial services provider’s stock worth $2,936,000 after acquiring an additional 2,207 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Employers by 33.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,200 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 2,800 shares during the period. 79.59% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

A number of equities analysts have recently commented on EIG shares. ValuEngine lowered shares of Employers from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Employers from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.00.

Employers Holdings, Inc. (NYSE:EIG) opened at $41.15 on Wednesday. The stock has a market cap of $1,350.75, a P/E ratio of 13.49 and a beta of 1.10. Employers Holdings, Inc. has a 1-year low of $35.90 and a 1-year high of $50.45.

Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.50. The company had revenue of $200.70 million for the quarter, compared to analyst estimates of $200.31 million. Employers had a net margin of 12.67% and a return on equity of 10.51%. During the same period last year, the company posted $0.95 earnings per share. analysts anticipate that Employers Holdings, Inc. will post 2.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.94%. This is a positive change from Employers’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 6th. Employers’s dividend payout ratio (DPR) is presently 26.23%.

In related news, EVP John P. Nelson sold 9,825 shares of Employers stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $45.68, for a total transaction of $448,806.00. Following the transaction, the executive vice president now directly owns 23,802 shares of the company’s stock, valued at $1,087,275.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John P. Nelson sold 12,000 shares of Employers stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.79, for a total transaction of $561,480.00. Following the transaction, the executive vice president now directly owns 25,977 shares in the company, valued at $1,215,463.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,904 shares of company stock worth $1,493,144. 3.50% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “16,270 Shares in Employers Holdings, Inc. (EIG) Purchased by Cornercap Investment Counsel Inc.” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.dailypolitical.com/2018/03/14/16270-shares-in-employers-holdings-inc-eig-purchased-by-cornercap-investment-counsel-inc.html.

About Employers

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.

Want to see what other hedge funds are holding EIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Employers Holdings, Inc. (NYSE:EIG).

Institutional Ownership by Quarter for Employers (NYSE:EIG)

Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.