Fmr LLC Buys 200 Shares of Employers Holdings, Inc. (NYSE:EIG)

Fmr LLC boosted its position in Employers Holdings, Inc. (NYSE:EIG) by 15.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,520 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. Fmr LLC’s holdings in Employers were worth $73,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $89,653,000 after purchasing an additional 13,889 shares during the last quarter. LSV Asset Management increased its position in Employers by 33.5% during the 2nd quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock valued at $45,454,000 after buying an additional 267,419 shares in the last quarter. American Century Companies Inc. raised its stake in 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 buying an additional 89,429 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $20,089,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Employers by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider’s stock worth $9,626,000 after acquiring an additional 3,257 shares during the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EIG shares. Truist Financial increased 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. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Employers Stock Performance

Employers stock opened at $51.25 on Wednesday. Employers Holdings, Inc. has a fifty-two week low of $38.38 and a fifty-two week high of $54.44. The company has a market cap of $1.27 billion, a PE ratio of 9.60 and a beta of 0.26. The business’s 50-day simple moving average is $51.36 and its two-hundred day simple moving average is $47.66.

Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $225.19 million. As a group, analysts predict that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.34%. Employers’s dividend payout ratio (DPR) is presently 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.