Employers Holdings, Inc. (NYSE:EIG) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 18.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,512 shares of the financial services provider's stock after acquiring an additional 12,422 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of Employers worth $3,814,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EIG. Barclays PLC lifted its holdings in shares of Employers by 300.2% in the 3rd quarter. Barclays PLC now owns 41,501 shares of the financial services provider's stock worth $1,991,000 after purchasing an additional 31,131 shares in the last quarter. MML Investors Services LLC raised its holdings in Employers by 27.0% during the 3rd quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider's stock valued at $326,000 after acquiring an additional 1,448 shares during the period. HighTower Advisors LLC grew its stake in Employers by 1.6% during the third quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider's stock valued at $708,000 after acquiring an additional 227 shares in the last quarter. Jane Street Group LLC increased its stake in Employers by 22.9% in the 3rd quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider's stock worth $2,350,000 after acquiring an additional 9,138 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Employers by 30.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,371 shares of the financial services provider's stock worth $354,000 after acquiring an additional 1,707 shares during the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Employers Price Performance

EIG stock traded down $0.41 during mid-day trading on Friday, reaching $49.82. The company had a trading volume of 132,020 shares, compared to its average volume of 125,656. The firm has a 50 day moving average of $51.62 and a 200 day moving average of $48.68. The company has a market capitalization of $1.23 billion, a PE ratio of 9.33 and a beta of 0.27. Employers Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $54.44.

Employers (NYSE:EIG - Get Free Report) last posted its 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 company had revenue of $224.00 million during the quarter, compared to analysts' expectations of $225.19 million. Employers had a net margin of 15.27% and a return on equity of 9.78%. Analysts anticipate that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers's dividend payout ratio is currently 22.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EIG shares. Truist Financial increased their target price on Employers from $55.00 to $58.00 and gave the company a "buy" rating in a report on Friday, November 1st. StockNews.com lowered Employers from a "buy" rating to a "hold" rating in a report on Friday, December 20th.

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.