HighTower Advisors LLC Has $708,000 Position in Employers Holdings, Inc. (NYSE:EIG)

HighTower Advisors LLC raised its position in Employers Holdings, Inc. (NYSE:EIG) by 1.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,723 shares of the financial services provider’s stock after purchasing an additional 227 shares during the period. HighTower Advisors LLC’s holdings in Employers were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Isthmus Partners LLC increased its position in Employers by 0.5% during the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 375 shares during the period. GAMMA Investing LLC raised its position in shares of 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 in the last quarter. FMR LLC boosted its stake in shares of Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after buying an additional 200 shares during the period. Innealta Capital LLC bought a new position in Employers during the 2nd quarter worth $81,000. Finally, Mackenzie Financial Corp acquired a new position in Employers in the 2nd quarter valued at $257,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Trading Down 2.6 %

Shares of EIG stock opened at $50.16 on Thursday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.39 and a beta of 0.26. The business’s 50-day moving average price is $51.17 and its 200-day moving average price is $47.41. Employers Holdings, Inc. has a 12 month low of $38.38 and a 12 month high of $54.44.

Employers (NYSE:EIG) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The firm 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%. On average, sell-side analysts predict that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers’s payout ratio is presently 22.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EIG shares. Truist Financial raised their price target on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

About Employers

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.