Assenagon Asset Management S.A. Has $8.42 Million Position in Employers Holdings, Inc. (NYSE:EIG)

Assenagon Asset Management S.A. lowered its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,403 shares of the financial services provider's stock after selling 13,681 shares during the period. Assenagon Asset Management S.A. owned 0.78% of Employers worth $8,415,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EIG. Texas Permanent School Fund Corp increased its position in shares of Employers by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider's stock valued at $1,022,000 after acquiring an additional 292 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Employers by 3.9% in the fourth quarter. New York State Common Retirement Fund now owns 21,561 shares of the financial services provider's stock worth $850,000 after buying an additional 814 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Employers during the 1st quarter valued at about $36,000. Price T Rowe Associates Inc. MD lifted its position in Employers by 12.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,334 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 834 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in 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 purchasing an additional 1,033 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company's stock.

Insider Activity at Employers

In other Employers news, insider Ann Marie Smith sold 1,764 shares of Employers stock in a transaction on Friday, May 31st. The shares were sold at an average price of $41.26, for a total transaction of $72,782.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company's stock, valued at $278,133.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Employers Price Performance

NYSE EIG traded up $0.29 during trading hours on Friday, hitting $46.31. The company's stock had a trading volume of 100,937 shares, compared to its average volume of 135,482. The company's 50 day simple moving average is $44.14 and its two-hundred day simple moving average is $43.65. Employers Holdings, Inc. has a 12 month low of $36.65 and a 12 month high of $49.00. The company has a market cap of $1.17 billion, a P/E ratio of 9.81 and a beta of 0.24.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 13.76% and a return on equity of 9.95%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. As a group, research analysts predict that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Employers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Wednesday, August 14th. Employers's payout ratio is 25.42%.

About Employers

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.