20,336 Shares in Employers Holdings Inc $EIG Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Employers Holdings Inc (NYSE:EIG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,336 shares of the financial services provider’s stock, valued at approximately $1,027,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aquatic Capital Management LLC raised its position in shares of Employers by 1.2% during the third quarter. Aquatic Capital Management LLC now owns 22,623 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 277 shares during the period. Deutsche Bank AG lifted its position in shares of Employers by 1.3% during the fourth quarter. Deutsche Bank AG now owns 24,084 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 302 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Employers by 133.5% during the second 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 in the last quarter. Clearstead Advisors LLC lifted its position in shares of Employers by 145.5% during the fourth quarter. Clearstead Advisors LLC now owns 621 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 368 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Employers by 227.1% during the first quarter. Bessemer Group Inc. now owns 651 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EIG shares. Truist Financial upped their price objective on shares of Employers from $49.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.00.

Employers Trading Down 1.3%

Shares of Employers stock opened at $48.10 on Tuesday. The firm has a market cap of $863.88 million, a PE ratio of 69.71 and a beta of 0.47. Employers Holdings Inc has a 1 year low of $35.73 and a 1 year high of $52.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a fifty day moving average price of $49.29 and a 200-day moving average price of $44.66.

Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. The company had revenue of $220.20 million for the quarter, compared to the consensus estimate of $203.51 million. Employers had a net margin of 0.91% and a return on equity of 1.30%. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Equities research analysts anticipate that Employers Holdings Inc will post 2.23 EPS for the current year.

Employers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.36 annualized dividend and a yield of 2.8%. Employers’s payout ratio is currently 197.10%.

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.