Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in Employers Holdings, Inc. (NYSE:EIG - Free Report) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,869 shares of the financial services provider's stock after selling 19,342 shares during the period. Loomis Sayles & Co. L P owned 1.01% of Employers worth $11,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EIG. Bessemer Group Inc. raised its holdings in shares of Employers by 983.8% in the first quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider's stock worth $51,000 after buying an additional 1,033 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Employers by 5.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 21,931 shares of the financial services provider's stock worth $995,000 after purchasing an additional 1,133 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of Employers by 25.0% during the first quarter. Quadrature Capital Ltd now owns 6,665 shares of the financial services provider's stock worth $303,000 after purchasing an additional 1,332 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Employers during the first quarter worth $36,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 worth $333,000 after purchasing an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.

Analysts Set New Price Targets

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

Employers Price Performance

EIG stock traded up $0.34 during midday trading on Wednesday, hitting $53.58. 98,219 shares of the stock traded hands, compared to its average volume of 128,794. The firm has a market cap of $1.32 billion, a P/E ratio of 9.97 and a beta of 0.24. The stock's fifty day simple moving average is $49.62 and its 200-day simple moving average is $46.24. Employers Holdings, Inc. has a 1-year low of $37.54 and a 1-year high of $54.44.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. The company had revenue of $224.00 million for 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%. On average, research analysts predict that Employers Holdings, Inc. will post 3.65 earnings per share for the current year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. Employers's dividend payout ratio (DPR) is 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.