Barclays PLC Raises Stock Position in Employers Holdings, Inc. (NYSE:EIG)

Barclays PLC increased its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 300.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,501 shares of the financial services provider's stock after purchasing an additional 31,131 shares during the period. Barclays PLC owned 0.17% of Employers worth $1,991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EIG. Isthmus Partners LLC boosted its stake in Employers by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider's stock worth $35,000 after purchasing an additional 375 shares during the last quarter. GAMMA Investing LLC grew its stake in Employers by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 358 shares in the last quarter. FMR LLC raised its holdings in Employers by 15.2% in the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 200 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Employers in the 2nd quarter worth approximately $257,000. Finally, Intech Investment Management LLC purchased a new position in Employers in the 2nd quarter worth approximately $257,000. 80.49% of the stock is owned by hedge funds and other institutional investors.

Employers Stock Down 1.0 %

Shares of Employers stock traded down $0.52 during mid-day trading on Friday, hitting $50.89. The stock had a trading volume of 123,639 shares, compared to its average volume of 129,923. The firm has a 50-day moving average of $51.47 and a two-hundred day moving average of $47.78. The firm has a market cap of $1.26 billion, a P/E ratio of 9.53 and a beta of 0.26. Employers Holdings, Inc. has a 12-month low of $38.38 and a 12-month high of $54.44.

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

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Wednesday, November 13th. Employers's dividend payout ratio (DPR) is 22.47%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EIG shares. Truist Financial increased 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. StockNews.com downgraded Employers from a "buy" rating to a "hold" rating in a research note on Friday, December 20th.

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.