Rhumbline Advisers Has $3.43 Million Stake in Employers Holdings, Inc. (NYSE:EIG)

Rhumbline Advisers lowered its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,426 shares of the financial services provider’s stock after selling 2,078 shares during the quarter. Rhumbline Advisers owned about 0.32% of Employers worth $3,429,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp lifted its stake in Employers by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 292 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Employers during the 1st quarter valued at $36,000. Ellsworth Advisors LLC boosted its holdings in shares of Employers by 7.6% during the 2nd quarter. Ellsworth Advisors LLC now owns 11,620 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 818 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Employers by 12.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,334 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 834 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Employers by 983.8% in the first quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Employers Stock Performance

Employers stock opened at $48.04 on Wednesday. The business’s 50 day simple moving average is $46.51 and its 200 day simple moving average is $44.25. Employers Holdings, Inc. has a 12 month low of $36.65 and a 12 month high of $49.30. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.18 and a beta of 0.24.

Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. The company had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $223.82 million. Employers had a net margin of 13.76% and a return on equity of 9.95%. Employers’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 earnings per share. As a group, equities research analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, August 14th. Employers’s dividend payout ratio (DPR) is presently 25.42%.

Analyst Upgrades and Downgrades

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

About Employers

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.