Employers Holdings, Inc. (NYSE:EIG) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,446 shares of the financial services provider’s stock after purchasing an additional 1,778 shares during the quarter. Exchange Traded Concepts LLC owned 0.15% of Employers worth $1,918,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EIG. Barclays PLC grew its holdings in Employers by 300.2% during the third quarter. Barclays PLC now owns 41,501 shares of the financial services provider’s stock worth $1,991,000 after acquiring an additional 31,131 shares during the period. MML Investors Services LLC grew its stake in shares of Employers by 27.0% in the 3rd quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 1,448 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Employers by 18.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock worth $3,814,000 after purchasing an additional 12,422 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Employers by 1.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 227 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Employers by 22.9% during the third quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider’s stock valued at $2,350,000 after purchasing an additional 9,138 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EIG. Truist Financial upped their price target on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Employers Price Performance

EIG stock opened at $49.09 on Monday. The company’s 50 day simple moving average is $51.21 and its 200-day simple moving average is $48.97. Employers Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $54.44. The firm has a market capitalization of $1.21 billion, a P/E ratio of 9.19 and a beta of 0.27.

Employers (NYSE:EIG) last released 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 company had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $225.19 million. Employers had a return on equity of 9.78% and a net margin of 15.27%. Sell-side analysts predict that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 dividend yield of 2.44%. Employers’s dividend payout ratio is presently 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.