Cubist Systematic Strategies LLC Decreases Stock Position in Employers Holdings, Inc. (NYSE:EIG)

Cubist Systematic Strategies LLC lessened its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 96.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,520 shares of the financial services provider's stock after selling 44,878 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Employers were worth $65,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Isthmus Partners LLC increased its holdings in shares of Employers by 0.5% during the 2nd 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 position in shares of Employers during the first quarter worth approximately $36,000. Bessemer Group Inc. raised its position 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 worth $51,000 after acquiring an additional 1,033 shares during the last quarter. Innealta Capital LLC bought a new position in Employers in the second quarter valued at approximately $81,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Employers during the 1st quarter worth about $201,000. Institutional investors and hedge funds own 80.49% of the company's stock.

Wall Street Analysts Forecast Growth

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

Employers Stock Up 0.8 %

NYSE:EIG traded up $0.36 during trading hours on Tuesday, hitting $48.05. 89,206 shares of the company's stock traded hands, compared to its average volume of 133,179. Employers Holdings, Inc. has a 52 week low of $36.65 and a 52 week high of $49.30. The firm has a market cap of $1.22 billion, a P/E ratio of 10.18 and a beta of 0.24. The business's fifty day simple moving average is $47.16 and its two-hundred day simple moving average is $44.58.

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

Employers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.50%. Employers's dividend payout ratio (DPR) is currently 25.42%.

Employers Company 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.