Exchange Traded Concepts LLC Has $1.71 Million Stake in Employers Holdings, Inc. (NYSE:EIG)

Exchange Traded Concepts LLC lowered its holdings in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 41.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,668 shares of the financial services provider's stock after selling 25,398 shares during the period. Exchange Traded Concepts LLC owned about 0.14% of Employers worth $1,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EIG. Vanguard Group Inc. increased its stake in Employers by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider's stock valued at $124,278,000 after acquiring an additional 16,997 shares during the period. Dimensional Fund Advisors LP raised 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 worth $89,653,000 after buying an additional 13,889 shares in the last quarter. LSV Asset Management boosted its stake in 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 buying an additional 267,419 shares in the last quarter. American Century Companies Inc. boosted its stake in 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 buying an additional 89,429 shares in the last quarter. Finally, Isthmus Partners LLC grew its position in Employers by 0.5% in the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 375 shares during the period. Institutional investors own 80.49% of the company's stock.

Employers Price Performance

Shares of EIG traded up $0.83 on Wednesday, hitting $49.47. The company's stock had a trading volume of 88,846 shares, compared to its average volume of 131,310. The company has a 50 day moving average price of $47.34 and a 200 day moving average price of $44.70. Employers Holdings, Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $49.62. The company has a market capitalization of $1.25 billion, a PE ratio of 10.31 and a beta of 0.24.

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

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, August 14th. Employers's dividend payout ratio is presently 25.42%.

Analysts Set New Price Targets

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

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.