Bank of Montreal Can Invests $1.52 Million in Employers Holdings, Inc. (NYSE:EIG)

Bank of Montreal Can acquired a new position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,623 shares of the financial services provider's stock, valued at approximately $1,522,000. Bank of Montreal Can owned approximately 0.14% of Employers as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Employers by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider's stock valued at $124,278,000 after buying an additional 16,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Employers by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider's stock valued at $89,653,000 after purchasing an additional 13,889 shares during the last quarter. LSV Asset Management lifted its holdings 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 valued at $45,454,000 after purchasing an additional 267,419 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Employers by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider's stock valued at $19,555,000 after purchasing an additional 89,429 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in Employers by 4.3% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 290,745 shares of the financial services provider's stock worth $11,455,000 after buying an additional 12,100 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.

Analysts Set New Price Targets

Separately, JMP Securities upgraded shares of Employers to a "hold" rating in a research report on Thursday, August 1st.

Employers Trading Up 2.4 %

Shares of NYSE EIG traded up $1.16 during midday trading on Friday, reaching $48.64. 56,502 shares of the company were exchanged, compared to its average volume of 133,181. The stock has a market cap of $1.23 billion, a P/E ratio of 10.31 and a beta of 0.24. Employers Holdings, Inc. has a 1 year low of $36.65 and a 1 year high of $49.30. The stock has a fifty day simple moving average of $47.13 and a 200 day simple moving average of $44.53.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.02. Employers had a return on equity of 9.95% and a net margin of 13.76%. The business had revenue of $217.00 million for the quarter, compared to analyst estimates of $223.82 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.47%. Employers's dividend payout ratio (DPR) is 25.42%.

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.