Hotchkis & Wiley Capital Management LLC Sells 9,600 Shares of Employers Holdings, Inc. (NYSE:EIG)

Hotchkis & Wiley Capital Management LLC cut its position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,575 shares of the financial services provider's stock after selling 9,600 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.12% of Employers worth $13,267,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Employers by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider's stock worth $89,653,000 after buying an additional 13,889 shares in the last quarter. LSV Asset Management lifted 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. American Century Companies Inc. lifted its stake in Employers by 24.2% during the second quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider's stock worth $19,555,000 after purchasing an additional 89,429 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Employers by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider's stock worth $20,089,000 after purchasing an additional 1,296 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Employers by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider's stock worth $9,626,000 after purchasing an additional 3,257 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com cut shares of Employers from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Truist Financial raised 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.

Employers Price Performance

NYSE:EIG traded up $0.18 on Wednesday, hitting $53.26. 83,140 shares of the company's stock were exchanged, compared to its average volume of 128,182. The firm has a 50-day moving average price of $50.33 and a 200-day moving average price of $46.66. Employers Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $54.44. The company has a market cap of $1.32 billion, a P/E ratio of 9.97 and a beta of 0.26.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.03. The company had revenue of $224.00 million for 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%. On average, research analysts expect that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal 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 was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. Employers's payout ratio is presently 22.47%.

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.