Texas Permanent School Fund Corp Has $1.08 Million Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

Texas Permanent School Fund Corp raised its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 12.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,282 shares of the financial services provider’s stock after purchasing an additional 2,771 shares during the quarter. Texas Permanent School Fund Corp owned 0.10% of Employers worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Employers by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock valued at $124,278,000 after buying an additional 16,997 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Employers by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,817 shares of the financial services provider’s stock valued at $82,339,000 after acquiring an additional 27,320 shares during the period. LSV Asset Management boosted its stake in shares of Employers by 33.5% in the 2nd quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock valued at $45,454,000 after purchasing an additional 267,419 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 26,555 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Employers by 4.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 290,745 shares of the financial services provider’s stock worth $11,455,000 after purchasing an additional 12,100 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors.

Employers Price Performance

EIG stock opened at $47.23 on Friday. The business has a fifty day moving average price of $46.78 and a 200 day moving average price of $44.32. Employers Holdings, Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $49.30. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.01 and a beta of 0.24.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $217.00 million during the quarter, compared to analyst estimates of $223.82 million. Employers had a return on equity of 9.95% and a net margin of 13.76%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. On average, equities analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, August 14th. Employers’s dividend payout ratio is presently 25.42%.

Wall Street Analysts Forecast Growth

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

Employers 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.