Renaissance Technologies LLC Has $9.72 Million Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

Renaissance Technologies LLC lowered its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 228,100 shares of the financial services provider’s stock after selling 7,000 shares during the quarter. Renaissance Technologies LLC owned about 0.90% of Employers worth $9,724,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in 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 worth $16,712,000 after purchasing an additional 26,555 shares in the last quarter. Norges Bank acquired a new stake in shares of Employers in the fourth quarter valued at approximately $7,310,000. Hsbc Holdings PLC boosted its stake in shares of Employers by 554.9% in the fourth quarter. Hsbc Holdings PLC now owns 153,671 shares of the financial services provider’s stock valued at $6,045,000 after buying an additional 130,206 shares during the period. Isthmus Partners LLC grew its position in Employers by 4.2% during the fourth quarter. Isthmus Partners LLC now owns 55,851 shares of the financial services provider’s stock worth $2,201,000 after buying an additional 2,227 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Employers by 4.3% during 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 acquiring an additional 12,100 shares during the period. Institutional investors own 80.49% of the company’s stock.

Employers Stock Down 0.1 %

EIG stock opened at $47.19 on Tuesday. The company’s 50-day moving average price is $46.82 and its two-hundred day moving average price is $44.32. The firm has a market cap of $1.20 billion, a P/E ratio of 10.00 and a beta of 0.24. Employers Holdings, Inc. has a 12 month low of $36.65 and a 12 month high of $49.30.

Employers (NYSE:EIG) last announced 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. Employers had a net margin of 13.76% and a return on equity of 9.95%. The business had revenue of $217.00 million during the quarter, compared to the consensus estimate of $223.82 million. During the same period in the previous year, the business earned $1.17 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Equities analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. Employers’s dividend payout ratio is currently 25.42%.

Wall Street Analyst Weigh In

Separately, JMP Securities upgraded 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.