SG Americas Securities LLC Buys Shares of 9,084 Employers Holdings, Inc. (NYSE:EIG)

SG Americas Securities LLC bought a new stake in Employers Holdings, Inc. (NYSE:EIG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,084 shares of the financial services provider’s stock, valued at approximately $436,000.

Other large investors also recently bought and sold shares of the company. Isthmus Partners LLC boosted its stake in shares of Employers by 0.5% during the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 375 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Employers during the first quarter valued at $36,000. Bessemer Group Inc. boosted its stake in shares of Employers by 983.8% during the first quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,033 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Employers during the second quarter valued at $81,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Employers during the first quarter valued at $201,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

Employers Trading Up 1.0 %

Shares of NYSE:EIG opened at $49.97 on Friday. The stock’s 50-day moving average price is $47.50 and its two-hundred day moving average price is $44.77. Employers Holdings, Inc. has a 12-month low of $36.65 and a 12-month high of $50.00. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 10.59 and a beta of 0.24.

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

Employers Announces Dividend

The firm also recently declared 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 yield of 2.40%. The ex-dividend date of this dividend was Wednesday, August 14th. Employers’s payout ratio is 25.42%.

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.