Inspire Investing LLC Boosts Holdings in Employers Holdings, Inc. (NYSE:EIG)

Inspire Investing LLC boosted its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 4.7% in the third quarter, HoldingsChannel.com reports. The fund owned 8,614 shares of the financial services provider’s stock after buying an additional 389 shares during the quarter. Inspire Investing LLC’s holdings in Employers were worth $413,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Employers by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock worth $124,278,000 after purchasing an additional 16,997 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Employers by 81.2% in the first quarter. BNP Paribas Financial Markets now owns 13,171 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 5,903 shares in the last quarter. Mutual of America Capital Management LLC acquired a new stake in shares of Employers during the first quarter valued at $201,000. Texas Permanent School Fund Corp increased its position in Employers by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 292 shares in the last quarter. Finally, LSV Asset Management raised its stake in Employers by 58.9% in the 1st quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock valued at $36,259,000 after purchasing an additional 295,983 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JMP Securities upgraded shares of Employers to a “hold” rating in a report on Thursday, August 1st.

Employers Stock Up 1.7 %

EIG stock opened at $49.47 on Thursday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.48 and a beta of 0.24. The stock’s fifty day simple moving average is $47.42 and its 200-day simple moving average is $44.74. Employers Holdings, Inc. has a 52-week low of $36.65 and a 52-week high of $49.62.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. The company had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $223.82 million. Employers had a return on equity of 9.95% and a net margin of 13.76%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. As a group, analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

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

Employers 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.