Employers Holdings, Inc. (NYSE:EIG) Position Increased by Ellsworth Advisors LLC

Ellsworth Advisors LLC boosted its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,169 shares of the financial services provider’s stock after buying an additional 857 shares during the period. Ellsworth Advisors LLC’s holdings in Employers were worth $675,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EIG. Bank of Montreal Can acquired a new position in Employers during the second quarter worth $1,522,000. Barclays PLC grew its stake in Employers by 300.2% in the 3rd quarter. Barclays PLC now owns 41,501 shares of the financial services provider’s stock valued at $1,991,000 after buying an additional 31,131 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 13,889 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 purchasing an additional 12,422 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Employers by 22.9% during the 3rd quarter. Jane Street Group LLC now owns 48,982 shares of the financial services provider’s stock worth $2,350,000 after purchasing an additional 9,138 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Stock Down 0.8 %

Shares of EIG stock opened at $49.82 on Monday. The firm has a 50-day moving average price of $51.62 and a 200 day moving average price of $48.72. Employers Holdings, Inc. has a 12-month low of $38.67 and a 12-month high of $54.44. The company has a market capitalization of $1.23 billion, a P/E ratio of 9.33 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 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 during the quarter, compared to the consensus estimate of $225.19 million. As a group, research analysts expect that Employers Holdings, Inc. will post 3.65 earnings per share for the current year.

Employers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers’s dividend payout ratio is 22.47%.

Analysts Set New Price Targets

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

Employers 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.