Employers (NYSE:EIG) Hits New 12-Month High at $49.05

Employers Holdings, Inc. (NYSE:EIG) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $49.05 and last traded at $48.66, with a volume of 12517 shares changing hands. The stock had previously closed at $48.60.

Wall Street Analyst Weigh In

Separately, JMP Securities raised shares of Employers to a “hold” rating in a research report on Thursday, August 1st.

Employers Price Performance

The firm’s 50 day moving average is $45.73 and its two-hundred day moving average is $44.17. The firm has a market capitalization of $1.20 billion, a P/E ratio of 10.11 and a beta of 0.24.

Employers (NYSE:EIG) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $217.00 million for the quarter, compared to the consensus estimate of $223.82 million. Employers had a return on equity of 9.95% and a net margin of 13.76%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. Analysts anticipate that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, August 14th. Employers’s payout ratio is 25.42%.

Institutional Investors Weigh In On Employers

A number of institutional investors have recently modified their holdings of EIG. Norges Bank bought a new position in shares of Employers in the fourth quarter worth $7,310,000. Charles Schwab Investment Management Inc. raised its position in shares of Employers by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock valued at $16,712,000 after buying an additional 26,555 shares in the last quarter. LSV Asset Management boosted its position in shares of Employers by 58.9% during the 1st quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after acquiring an additional 295,983 shares in the last quarter. Isthmus Partners LLC increased its stake in Employers by 4.2% in the fourth quarter. Isthmus Partners LLC now owns 55,851 shares of the financial services provider’s stock valued at $2,201,000 after acquiring an additional 2,227 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Employers by 4.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 290,745 shares of the financial services provider’s stock valued at $11,455,000 after purchasing an additional 12,100 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.