Employers Holdings, Inc. (NYSE:EIG) Short Interest Update

Employers Holdings, Inc. (NYSE:EIG) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 352,700 shares, an increase of 30.1% from the November 15th total of 271,000 shares. Based on an average trading volume of 115,500 shares, the short-interest ratio is presently 3.1 days. Approximately 1.5% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

EIG has been the subject of a number of recent research reports. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial increased their price objective on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LSV Asset Management raised 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 worth $45,454,000 after purchasing an additional 267,419 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Employers by 30.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,371 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 1,707 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Employers during the third quarter valued at $436,000. 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 worth $333,000 after purchasing an additional 834 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Employers during the second quarter valued at about $1,522,000. 80.49% of the stock is owned by institutional investors and hedge funds.

Employers Trading Up 0.6 %

EIG traded up $0.34 on Friday, reaching $52.72. The company had a trading volume of 202,977 shares, compared to its average volume of 128,263. Employers has a one year low of $38.21 and a one year high of $54.44. The company has a market capitalization of $1.30 billion, a P/E ratio of 9.87 and a beta of 0.26. The company has a fifty day moving average of $51.01 and a 200-day moving average of $47.26.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The business 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%. Research analysts predict that Employers will post 3.65 EPS for the current year.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. 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.