Ieq Capital LLC Makes New $232,000 Investment in Employers Holdings, Inc. (NYSE:EIG)

Ieq Capital LLC acquired a new stake in Employers Holdings, Inc. (NYSE:EIG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,522 shares of the financial services provider’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EIG. Geode Capital Management LLC increased its position 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in Employers by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider’s stock valued at $20,089,000 after purchasing an additional 1,296 shares during the period. Principal Financial Group Inc. increased its holdings in Employers by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 119,849 shares of the financial services provider’s stock valued at $6,140,000 after purchasing an additional 2,768 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Employers by 18.5% in the third quarter. JPMorgan Chase & Co. now owns 79,512 shares of the financial services provider’s stock valued at $3,814,000 after buying an additional 12,422 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Employers by 3.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 69,556 shares of the financial services provider’s stock valued at $3,563,000 after buying an additional 2,139 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price target on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Insider Activity

In other Employers news, Director James R. Kroner sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $51.50, for a total value of $51,500.00. Following the completion of the sale, the director now owns 23,458 shares of the company’s stock, valued at approximately $1,208,087. This trade represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ann Marie Smith sold 1,385 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $51.24, for a total value of $70,967.40. Following the completion of the sale, the insider now directly owns 8,801 shares of the company’s stock, valued at $450,963.24. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,385 shares of company stock worth $224,267. Company insiders own 1.50% of the company’s stock.

Employers Trading Up 1.2 %

Shares of Employers stock opened at $51.77 on Friday. The business has a 50-day moving average price of $49.67 and a two-hundred day moving average price of $49.51. Employers Holdings, Inc. has a 1-year low of $38.67 and a 1-year high of $54.44. The company has a market cap of $1.28 billion, a P/E ratio of 10.99 and a beta of 0.27.

Employers (NYSE:EIG) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.08 by $0.07. The business had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. Equities research analysts forecast that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, March 5th. Employers’s dividend payout ratio (DPR) is currently 25.48%.

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.