Employers (NYSE:EIG) Sets New 12-Month Low at $36.23

Employers Holdings, Inc. (NYSE:EIGGet Rating)’s share price reached a new 52-week low on Friday . The company traded as low as $36.23 and last traded at $36.23, with a volume of 1668 shares traded. The stock had previously closed at $36.76.

Employers Trading Up 0.5 %

The company has a market capitalization of $1.01 billion, a PE ratio of 20.19 and a beta of 0.05. The stock’s 50-day moving average is $39.75 and its two-hundred day moving average is $40.49.

Employers (NYSE:EIGGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The company had revenue of $135.30 million for the quarter, compared to analyst estimates of $171.72 million. Employers had a net margin of 7.92% and a return on equity of 6.47%. The firm’s revenue for the quarter was down 21.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. On average, equities research analysts forecast that Employers Holdings, Inc. will post 2.15 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. Employers’s dividend payout ratio is currently 56.83%.

Insiders Place Their Bets

In related news, CEO Katherine H. Antonello bought 13,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average cost of $37.81 per share, for a total transaction of $491,530.00. Following the purchase, the chief executive officer now directly owns 48,281 shares of the company’s stock, valued at $1,825,504.61. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Employers

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd boosted its stake in shares of Employers by 510.1% during the first quarter. Point72 Hong Kong Ltd now owns 970 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 811 shares in the last quarter. US Bancorp DE boosted its stake in shares of Employers by 709.0% during the second quarter. US Bancorp DE now owns 1,626 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,425 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Employers during the second quarter valued at approximately $80,000. KBC Group NV bought a new position in shares of Employers during the second quarter valued at approximately $92,000. Finally, Captrust Financial Advisors boosted its stake in shares of Employers by 49.1% during the first quarter. Captrust Financial Advisors now owns 2,712 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 893 shares in the last quarter. 79.16% of the stock is currently owned by institutional investors.

Employers Company Profile

(Get Rating)

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels; and national, regional, and local trade groups and associations, as well as directly to customers.

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