GAMMA Investing LLC Buys 700 Shares of Employers Holdings, Inc. (NYSE:EIG)

GAMMA Investing LLC raised its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 61.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,845 shares of the financial services provider’s stock after acquiring an additional 700 shares during the quarter. GAMMA Investing LLC’s holdings in Employers were worth $95,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EIG. Barclays PLC increased its stake in Employers by 300.2% in the third quarter. Barclays PLC now owns 41,501 shares of the financial services provider’s stock valued at $1,991,000 after acquiring an additional 31,131 shares during the period. MML Investors Services LLC increased its stake in Employers by 27.0% in the third quarter. MML Investors Services LLC now owns 6,806 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 1,448 shares during the period. HighTower Advisors LLC boosted its position in Employers by 1.6% in the third quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock valued at $708,000 after buying an additional 227 shares in the last quarter. Jane Street Group LLC boosted its position in Employers by 22.9% in 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 buying an additional 9,138 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Employers by 30.1% in the third quarter. BNP Paribas Financial Markets now owns 7,371 shares of the financial services provider’s stock valued at $354,000 after buying an additional 1,707 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EIG shares. Truist Financial boosted their price target on shares of Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Employers Trading Down 2.5 %

Shares of EIG stock opened at $47.53 on Friday. Employers Holdings, Inc. has a 1 year low of $38.38 and a 1 year high of $54.44. The firm’s 50 day moving average is $51.81 and its 200-day moving average is $48.37. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.90 and a beta of 0.27.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Employers had a net margin of 15.27% and a return on equity of 9.78%. The company had revenue of $224.00 million for the quarter, compared to analyst estimates of $225.19 million. On average, equities research analysts forecast that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Employers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.52%. Employers’s payout ratio is 22.47%.

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.