WINTON GROUP Ltd Acquires New Holdings in Employers Holdings Inc $EIG

WINTON GROUP Ltd acquired a new stake in Employers Holdings Inc (NYSE:EIG) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 37,210 shares of the financial services provider’s stock, valued at approximately $1,606,000.

Several other institutional investors and hedge funds have also modified their holdings of EIG. Clearstead Advisors LLC grew its position in shares of Employers by 145.5% in the 4th quarter. Clearstead Advisors LLC now owns 621 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 368 shares during the period. Osaic Holdings Inc. boosted its position in Employers by 133.5% during the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 363 shares during the last quarter. GAMMA Investing LLC boosted its position in Employers by 35.7% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 411 shares during the last quarter. Danske Bank A S boosted its position in Employers by 425.0% during the 4th quarter. Danske Bank A S now owns 2,100 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Employers by 179.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 1,462 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EIG has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a research report on Friday, May 29th. Zacks Research downgraded Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded Employers from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Employers Trading Down 1.7%

NYSE:EIG opened at $45.73 on Tuesday. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $47.91. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $42.57 and a two-hundred day moving average price of $42.20. The company has a market cap of $834.25 million, a P/E ratio of 138.58 and a beta of 0.49.

Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Employers had a return on equity of 1.10% and a net margin of 0.95%.The firm had revenue of $207.60 million for the quarter, compared to analyst estimates of $213.04 million. During the same period last year, the company earned $0.87 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, analysts expect that Employers Holdings Inc will post 2.15 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 13th. This is a boost from Employers’s previous quarterly dividend of $0.32. Employers’s payout ratio is currently 412.12%.

Employers Company Profile

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.