Eagle Asset Management Inc. Has $6.74 Million Stake in Employers Holdings, Inc. (NYSE:EIG)

Eagle Asset Management Inc. trimmed its holdings in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 27.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,410 shares of the financial services provider's stock after selling 52,204 shares during the quarter. Eagle Asset Management Inc. owned about 0.57% of Employers worth $6,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EIG. LSV Asset Management raised its stake in Employers by 33.5% during the second quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider's stock worth $45,454,000 after purchasing an additional 267,419 shares during the period. SG Americas Securities LLC acquired a new position in Employers in the third quarter valued at approximately $436,000. Price T Rowe Associates Inc. MD grew its position in Employers by 12.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,334 shares of the financial services provider's stock worth $333,000 after acquiring an additional 834 shares during the period. Bank of Montreal Can acquired a new stake in Employers during the second quarter worth $1,522,000. Finally, Innealta Capital LLC purchased a new stake in Employers in the second quarter valued at $81,000. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Performance

Shares of NYSE:EIG traded up $0.05 during trading on Monday, reaching $53.30. 121,193 shares of the stock were exchanged, compared to its average volume of 128,493. Employers Holdings, Inc. has a 12-month low of $37.54 and a 12-month high of $54.44. The firm's 50-day moving average price is $49.41 and its 200 day moving average price is $46.10. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 9.97 and a beta of 0.24.

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

Employers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is 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 currently 22.47%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EIG shares. JMP Securities raised shares of Employers to a "hold" rating in a research report on Thursday, August 1st. StockNews.com lowered shares of Employers from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Truist Financial boosted their price target on shares of Employers from $55.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, November 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.