GAMMA Investing LLC Boosts Stake in Employers Holdings, Inc. (NYSE:EIG)

GAMMA Investing LLC boosted its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 45.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,145 shares of the financial services provider’s stock after acquiring an additional 358 shares during the period. GAMMA Investing LLC’s holdings in Employers were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position 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 worth $124,278,000 after purchasing an additional 16,997 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Employers by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock valued at $89,653,000 after purchasing an additional 13,889 shares in the last quarter. LSV Asset Management boosted its position in shares of Employers by 33.5% during 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 acquiring an additional 267,419 shares during the last quarter. American Century Companies Inc. boosted its holdings in Employers by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock valued at $19,555,000 after purchasing an additional 89,429 shares during the last quarter. Finally, Isthmus Partners LLC grew its position in Employers by 0.5% in the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Employers Price Performance

NYSE EIG opened at $49.47 on Thursday. The company has a market capitalization of $1.25 billion, a PE ratio of 10.48 and a beta of 0.24. Employers Holdings, Inc. has a 1 year low of $36.65 and a 1 year high of $49.62. The company has a fifty day moving average of $47.42 and a two-hundred day moving average of $44.74.

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

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued 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 yield of 2.43%. Employers’s dividend payout ratio is presently 25.42%.

Analysts Set New Price Targets

Separately, JMP Securities raised 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.