Employers Holdings, Inc. (NYSE:EIG) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Employers Holdings, Inc. (NYSE:EIG) by 24.2% during the second quarter, HoldingsChannel reports. The fund owned 458,722 shares of the financial services provider’s stock after purchasing an additional 89,429 shares during the period. American Century Companies Inc.’s holdings in Employers were worth $19,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Employers by 6.7% during 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 buying an additional 26,555 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Employers by 1.3% in 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 last quarter. Norges Bank acquired a new position in Employers in the fourth quarter valued at $7,310,000. Hsbc Holdings PLC grew its holdings in shares of Employers by 554.9% during the fourth quarter. Hsbc Holdings PLC now owns 153,671 shares of the financial services provider’s stock worth $6,045,000 after purchasing an additional 130,206 shares during the last quarter. Finally, Isthmus Partners LLC increased its position in shares of 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 purchasing an additional 2,227 shares in the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Employers Stock Performance

Shares of Employers stock opened at $47.65 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.10 and a beta of 0.24. Employers Holdings, Inc. has a 1 year low of $36.65 and a 1 year high of $49.30. The company’s fifty day moving average is $46.71 and its two-hundred day moving average is $44.30.

Employers (NYSE:EIG) last released 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 quarter last year, the company posted $1.17 earnings per share. The business’s revenue was up .8% on a year-over-year basis. As a group, equities analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The business also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, August 14th. Employers’s dividend payout ratio is presently 25.42%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities upgraded Employers to a “hold” rating in a research note 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.