Employers Holdings Inc $EIG Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Employers Holdings Inc (NYSE:EIG) by 23.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 100,553 shares of the financial services provider’s stock after acquiring an additional 18,944 shares during the quarter. JPMorgan Chase & Co.’s holdings in Employers were worth $4,271,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in shares of Employers by 133.5% in the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 363 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Employers in the second quarter valued at approximately $39,000. Versant Capital Management Inc grew its stake in shares of Employers by 230.2% in the third quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,381 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Employers by 179.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,462 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Employers by 26.8% during the second quarter. BNP Paribas Financial Markets now owns 2,718 shares of the financial services provider’s stock worth $128,000 after buying an additional 575 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Trading Up 2.8%

Shares of EIG opened at $42.06 on Friday. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $51.48. The firm has a market capitalization of $819.41 million, a P/E ratio of 127.45 and a beta of 0.47. The firm’s 50-day moving average is $41.73 and its two-hundred day moving average is $41.60. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.02.

Employers (NYSE:EIG) last issued its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.25. The firm had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $217.35 million. Employers had a return on equity of 2.10% and a net margin of 1.26%.Employers’s revenue was down 21.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. On average, research analysts predict that Employers Holdings Inc will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, March 4th. Employers’s dividend payout ratio (DPR) is 387.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EIG shares. Wall Street Zen downgraded shares of Employers from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. Finally, Zacks Research upgraded Employers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Employers has a consensus rating of “Buy”.

Insider Transactions at Employers

In other news, EVP Michael Pedraja acquired 2,000 shares of Employers stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average price of $39.73 per share, with a total value of $79,460.00. Following the completion of the purchase, the executive vice president owned 19,830 shares of the company’s stock, valued at approximately $787,845.90. This represents a 11.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann Marie Smith sold 5,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $39.29, for a total value of $196,450.00. Following the transaction, the insider directly owned 8,704 shares in the company, valued at approximately $341,980.16. This represents a 36.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Employers Company Profile

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.