Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its stake in Employers Holdings, Inc. (NYSE:EIG) by 20.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 64,407 shares of the financial services provider’s stock after selling 16,955 shares during the quarter. Isthmus Partners LLC’s holdings in Employers were worth $3,090,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Employers in the first quarter valued at about $36,000. GAMMA Investing LLC lifted its position in Employers by 45.5% in the third quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after buying an additional 358 shares during the last quarter. FMR LLC lifted its position in shares of Employers by 15.2% during the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 200 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Employers during the second quarter worth about $81,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Employers during the second quarter worth about $257,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analyst Ratings Changes

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

Employers Stock Up 0.6 %

Shares of NYSE:EIG opened at $53.58 on Friday. The firm’s 50 day moving average price is $49.85 and its 200 day moving average price is $46.34. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 10.03 and a beta of 0.24. Employers Holdings, Inc. has a fifty-two week low of $37.54 and a fifty-two week high of $54.44.

Employers (NYSE:EIG) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. The firm 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, equities analysts anticipate that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 annualized dividend and a yield of 2.24%. Employers’s dividend payout ratio is currently 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.