Cubist Systematic Strategies LLC Has $65,000 Position in Employers Holdings, Inc. (NYSE:EIG)

Cubist Systematic Strategies LLC trimmed its stake in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 96.7% during the second quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp grew its position in Employers by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider's stock worth $1,022,000 after buying an additional 292 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Employers by 4.3% during the second quarter. Inspire Investing LLC now owns 8,225 shares of the financial services provider's stock valued at $351,000 after acquiring an additional 336 shares during the period. Isthmus Partners LLC lifted its position in shares of Employers by 0.5% in 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 in the last quarter. Sei Investments Co. raised its stake in Employers by 8.0% during the 2nd quarter. Sei Investments Co. now owns 10,678 shares of the financial services provider's stock valued at $455,000 after purchasing an additional 795 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Employers in the first quarter valued at $36,000. 80.49% of the stock is currently owned by institutional investors.

Employers Trading Up 1.0 %

EIG stock traded up $0.50 during mid-day trading on Thursday, hitting $49.97. The stock had a trading volume of 78,480 shares, compared to its average volume of 131,047. Employers Holdings, Inc. has a 1-year low of $36.65 and a 1-year high of $50.00. The company has a fifty day moving average of $47.42 and a 200 day moving average of $44.74. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 10.48 and a beta of 0.24.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.02. The firm had revenue of $217.00 million for 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 firm's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. As a group, sell-side analysts expect that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.40%. 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 report on Thursday, August 1st.

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.