Sanctuary Advisors LLC Buys 990 Shares of Employers Holdings, Inc. (NYSE:EIG)

Sanctuary Advisors LLC lifted its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,643 shares of the financial services provider’s stock after acquiring an additional 990 shares during the period. Sanctuary Advisors LLC’s holdings in Employers were worth $513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Employers by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock worth $89,653,000 after purchasing an additional 13,889 shares in the last quarter. LSV Asset Management grew its holdings in shares of Employers by 33.5% during the second quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock worth $45,454,000 after buying an additional 267,419 shares in the last quarter. Geode Capital Management LLC lifted its stake in Employers by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider’s stock valued at $27,800,000 after acquiring an additional 3,349 shares in the last quarter. American Century Companies Inc. boosted its position in Employers by 24.2% during the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock worth $19,555,000 after acquiring an additional 89,429 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Employers by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider’s stock worth $20,089,000 after acquiring an additional 1,296 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 commented on the stock. StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. 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 research note on Friday, November 1st.

Employers Stock Up 1.1 %

NYSE:EIG opened at $51.25 on Thursday. Employers Holdings, Inc. has a twelve month low of $38.38 and a twelve month high of $54.44. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.60 and a beta of 0.26. The stock’s 50 day moving average price is $51.41 and its two-hundred day moving average price is $47.73.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, analysts anticipate that Employers Holdings, Inc. will post 3.65 earnings per share for the current year.

Employers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 yield of 2.34%. Employers’s dividend payout ratio (DPR) is currently 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.