Quest Partners LLC decreased its stake in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 63.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,375 shares of the financial services provider's stock after selling 9,465 shares during the period. Quest Partners LLC's holdings in Employers were worth $258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in Employers by 983.8% in the 1st quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 1,033 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Employers by 5.4% in 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 in the last quarter. Quadrature Capital Ltd boosted its holdings in 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 bought a new position in Employers in the first quarter valued at $36,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Employers by 12.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,334 shares of the financial services provider's stock valued at $333,000 after buying an additional 834 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company's stock.
Employers Stock Up 1.1 %
Shares of EIG traded up $0.57 during mid-day trading on Wednesday, hitting $53.81. 56,452 shares of the company's stock were exchanged, compared to its average volume of 128,608. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 9.97 and a beta of 0.24. The stock's 50-day simple moving average is $49.62 and its 200-day simple moving average is $46.24. Employers Holdings, Inc. has a 52 week low of $37.54 and a 52 week high of $54.44.
Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.03. Employers had a return on equity of 9.78% and a net margin of 15.27%. The company had revenue of $224.00 million for the quarter, compared to analysts' expectations of $225.19 million. Analysts forecast that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.
Employers Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. Employers's dividend payout ratio is 22.47%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. JMP Securities upgraded shares of Employers to a "hold" rating in a research note on Thursday, August 1st. StockNews.com downgraded Employers from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Truist Financial raised their price objective on Employers from $55.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, November 1st.
Get Our Latest Stock Analysis on EIG
Employers Company Profile
(
Free Report)
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.
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