Amalgamated Bank cut its stake in Employers Holdings, Inc. (NYSE:EIG – Free Report) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,755 shares of the financial services provider’s stock after selling 540 shares during the period. Amalgamated Bank’s holdings in Employers were worth $331,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. LSV Asset Management grew its stake in Employers by 58.9% in the 1st quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after acquiring an additional 295,983 shares in the last quarter. Norges Bank bought a new position in Employers in the fourth quarter worth approximately $7,310,000. Hsbc Holdings PLC increased its holdings in Employers by 554.9% during the 4th quarter. Hsbc Holdings PLC now owns 153,671 shares of the financial services provider’s stock worth $6,045,000 after purchasing an additional 130,206 shares during the period. American Century Companies Inc. raised its position in Employers by 24.2% during the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock valued at $19,555,000 after purchasing an additional 89,429 shares in the last quarter. Finally, Isthmus Partners LLC raised its position in Employers by 45.0% during the 1st quarter. Isthmus Partners LLC now owns 80,987 shares of the financial services provider’s stock valued at $3,676,000 after purchasing an additional 25,136 shares in the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.
Employers Stock Performance
NYSE EIG opened at $47.57 on Monday. The company has a market cap of $1.21 billion, a PE ratio of 10.08 and a beta of 0.24. The firm’s 50 day moving average price is $46.94 and its 200-day moving average price is $44.40. Employers Holdings, Inc. has a 52-week low of $36.65 and a 52-week high of $49.30.
Employers Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, August 14th. Employers’s payout ratio is 25.42%.
Analyst Ratings Changes
Separately, JMP Securities upgraded Employers to a “hold” rating in a research note on Thursday, August 1st.
Check Out Our Latest Research Report on EIG
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.
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