Connor Clark & Lunn Investment Management Ltd. Lowers Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 71.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,588 shares of the financial services provider's stock after selling 21,187 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Employers were worth $412,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management grew its stake in shares of Employers by 33.5% in the 2nd quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider's stock worth $45,454,000 after acquiring an additional 267,419 shares in the last quarter. SG Americas Securities LLC bought a new position in Employers during the third quarter valued at about $436,000. Price T Rowe Associates Inc. MD grew 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 buying an additional 834 shares during the period. Bank of Montreal Can bought a new position in Employers during the second quarter valued at about $1,522,000. Finally, Lazard Asset Management LLC bought a new position in Employers during the first quarter valued at about $36,000. Institutional investors own 80.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Employers from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Truist Financial increased their price target on shares of Employers from $55.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, November 1st.

Employers Price Performance

NYSE:EIG traded down $0.22 on Friday, reaching $53.36. 76,544 shares of the company's stock were exchanged, compared to its average volume of 128,567. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 9.99 and a beta of 0.24. Employers Holdings, Inc. has a 52 week low of $37.82 and a 52 week high of $54.44. The stock has a fifty day simple moving average of $49.97 and a 200-day simple moving average of $46.44.

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

Employers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.25%. Employers's dividend payout ratio is presently 22.47%.

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.