Loomis Sayles & Co. L P increased its position in Employers Holdings, Inc. (NYSE:EIG) by 0.8% in the third quarter, Holdings Channel reports. The fund owned 474,404 shares of the financial services provider’s stock after purchasing an additional 3,795 shares during the period. Loomis Sayles & Co. L P’s holdings in Employers were worth $21,491,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in Employers in the 3rd quarter worth approximately $136,000. First Citizens Bank & Trust Co. bought a new stake in Employers in the 3rd quarter worth approximately $209,000. Crossmark Global Holdings Inc. bought a new stake in Employers in the 3rd quarter worth approximately $225,000. Itau Unibanco Holding S.A. bought a new stake in Employers in the 2nd quarter worth approximately $218,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Employers in the 2nd quarter worth approximately $231,000. Institutional investors own 79.88% of the company’s stock.
In other news, COO Stephen V. Festa sold 2,268 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $47.00, for a total transaction of $106,596.00. Following the completion of the sale, the chief operating officer now owns 18,634 shares of the company’s stock, valued at approximately $875,798. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Lawrence S. Rogers sold 1,100 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $45.40, for a total transaction of $49,940.00. Following the sale, the senior vice president now directly owns 7,040 shares of the company’s stock, valued at approximately $319,616. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,272 shares of company stock valued at $467,888. Insiders own 3.50% of the company’s stock.
Employers (NYSE:EIG) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.41. Employers had a net margin of 17.89% and a return on equity of 13.43%. The business had revenue of $228.90 million during the quarter, compared to the consensus estimate of $205.48 million. On average, equities analysts expect that Employers Holdings, Inc. will post 3.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, November 6th. Employers’s dividend payout ratio (DPR) is presently 27.68%.
EIG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Boenning Scattergood raised shares of Employers from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research report on Thursday, October 25th.
Employers Company Profile
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; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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