Assenagon Asset Management S.A. Sells 191,268 Shares of Employers Holdings, Inc. (NYSE:EIG)

Assenagon Asset Management S.A. trimmed its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 95.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,392 shares of the financial services provider's stock after selling 191,268 shares during the period. Assenagon Asset Management S.A.'s holdings in Employers were worth $481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EIG. GAMMA Investing LLC grew its stake in Employers by 61.1% in the fourth quarter. GAMMA Investing LLC now owns 1,845 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 700 shares during the period. Versant Capital Management Inc increased its stake in Employers by 50.1% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider's stock worth $31,000 after purchasing an additional 199 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Employers by 18.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider's stock worth $3,814,000 after buying an additional 12,422 shares during the period. Sanctuary Advisors LLC raised its holdings in Employers by 11.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,643 shares of the financial services provider's stock worth $513,000 after buying an additional 990 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Employers by 0.6% in the third quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider's stock valued at $27,800,000 after buying an additional 3,349 shares in the last quarter. Institutional investors own 80.49% of the company's stock.

Employers Stock Performance

Employers stock traded up $0.37 during mid-day trading on Friday, reaching $49.09. The company's stock had a trading volume of 77,691 shares, compared to its average volume of 99,210. Employers Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $54.44. The business's 50 day simple moving average is $51.21 and its 200 day simple moving average is $48.97. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.19 and a beta of 0.27.

Employers (NYSE:EIG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. Employers had a return on equity of 9.78% and a net margin of 15.27%. The company had revenue of $224.00 million during the quarter, compared to analysts' expectations of $225.19 million. As a group, sell-side analysts expect that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers's dividend payout ratio is currently 22.47%.

Wall Street Analyst Weigh In

EIG has been the topic of several research reports. StockNews.com cut shares of Employers from a "buy" rating to a "hold" rating in a research report on Friday, December 20th. Truist Financial boosted their price target on Employers from $55.00 to $58.00 and gave the company a "buy" rating in a report on Friday, November 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.