Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Employers Holdings, Inc. (NYSE:EIG) by 6.6% during the third quarter, HoldingsChannel reports. The firm owned 67,417 shares of the financial services provider’s stock after selling 4,786 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Employers were worth $3,234,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of Employers by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider’s stock worth $9,626,000 after acquiring an additional 3,257 shares during the period. Capital Investment Advisors LLC purchased a new position in shares of Employers during the 3rd quarter worth about $387,000. Ellsworth Advisors LLC lifted its holdings in shares of Employers by 6.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 12,312 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 692 shares during the period. Inspire Investing LLC increased its position in Employers by 4.7% during the 3rd quarter. Inspire Investing LLC now owns 8,614 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 389 shares in the last quarter. Finally, GAMMA Investing LLC grew 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 acquiring an additional 358 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EIG shares. StockNews.com raised shares of Employers from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Truist Financial raised their target price on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, JMP Securities raised Employers to a “hold” rating in a report on Thursday, August 1st.

Employers Trading Up 1.3 %

Shares of EIG opened at $53.34 on Friday. The business’s 50-day moving average price is $48.32 and its 200 day moving average price is $45.39. The stock has a market capitalization of $1.32 billion, a P/E ratio of 9.99 and a beta of 0.24. Employers Holdings, Inc. has a 1-year low of $37.33 and a 1-year high of $54.26.

Employers (NYSE:EIG) last announced its quarterly earnings data 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 firm had revenue of $224.00 million during the quarter, compared to analyst estimates of $225.19 million. On average, research analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued 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 2.25%. Employers’s dividend payout ratio is 22.47%.

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.