According to Zacks, “Employers Holdings, Inc. is a specialty provider of workers compensation insurance focused on select small businesses engaged in low to medium hazard industries. It markets its products through independent local, regional, and national agents and brokers, as well as through its strategic partnerships and alliances and relationships with national, regional, and local trade groups and associations. Employers Holdings, Inc. is headquartered in Reno, Nevada. “
NYSE:EIG opened at $39.45 on Wednesday. Employers has a 1-year low of $29.11 and a 1-year high of $43.82. The business’s 50-day moving average price is $40.58 and its two-hundred day moving average price is $41.14. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.95 and a beta of 0.02.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 18th. Stockholders of record on Wednesday, August 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, August 3rd. Employers’s dividend payout ratio is currently 32.26%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EIG. FMR LLC raised its position in shares of Employers by 195.7% during the second quarter. FMR LLC now owns 1,199,446 shares of the financial services provider’s stock worth $51,336,000 after purchasing an additional 793,840 shares during the period. Boston Partners acquired a new stake in shares of Employers during the first quarter worth about $20,827,000. Royce & Associates LP raised its position in Employers by 896.8% in the 1st quarter. Royce & Associates LP now owns 223,704 shares of the financial services provider’s stock valued at $9,633,000 after buying an additional 201,262 shares during the last quarter. Amundi acquired a new stake in Employers in the 2nd quarter valued at approximately $4,902,000. Finally, Madison Avenue Partners LP acquired a new stake in Employers in the 1st quarter valued at approximately $4,082,000. 76.32% of the stock is currently owned by institutional investors.
Employers Company Profile
Employers Holdings, Inc engages in the provision of workers compensation products and services. It operates through following segments: Employers and Cerity. The Employers segment is defines as traditional business offered under EMPLOYERS brand name through agents. The Cerity segment is defined as business offered under Cerity brand name, which includes direct-to-customer business.
Read More: Stocks Increasing Dividends
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.