Jane Street Group LLC Increases Stock Position in Employers Holdings, Inc. (NYSE:EIG)

Jane Street Group LLC grew its holdings in Employers Holdings, Inc. (NYSE:EIG) by 22.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,982 shares of the financial services provider’s stock after purchasing an additional 9,138 shares during the quarter. Jane Street Group LLC’s holdings in Employers were worth $2,350,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EIG. Dimensional Fund Advisors LP lifted its stake in Employers by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock valued at $89,653,000 after buying an additional 13,889 shares in the last quarter. LSV Asset Management lifted its position in shares of Employers by 33.5% in the second quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock valued at $45,454,000 after acquiring an additional 267,419 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Employers by 24.2% in the second quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock valued at $19,555,000 after acquiring an additional 89,429 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Employers by 0.3% during 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 acquiring an additional 1,296 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Employers by 1.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 3,257 shares in the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

Employers Stock Up 0.5 %

EIG stock opened at $50.81 on Monday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 9.51 and a beta of 0.26. Employers Holdings, Inc. has a 52-week low of $38.38 and a 52-week high of $54.44. The stock’s fifty day simple moving average is $51.31 and its 200-day simple moving average is $47.60.

Employers (NYSE:EIG) last issued its quarterly 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. The firm had revenue of $224.00 million for the quarter, compared to analyst estimates of $225.19 million. Employers had a return on equity of 9.78% and a net margin of 15.27%. As a group, analysts anticipate 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. Investors of record on Wednesday, November 13th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. Employers’s dividend payout ratio is presently 22.47%.

Analysts Set New Price Targets

EIG has been the topic of a number of recent research reports. StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial boosted their price objective 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.

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.