Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 4.6% in the third quarter, HoldingsChannel reports. The fund owned 7,399 shares of the financial services provider’s stock after selling 356 shares during the period. Amalgamated Bank’s holdings in Employers were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in EIG. Lazard Asset Management LLC acquired a new stake in shares of Employers in the first quarter valued at $36,000. Bessemer Group Inc. lifted its holdings in shares of Employers by 983.8% in the first quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,033 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Employers by 45.5% in the third quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after buying an additional 358 shares during the period. Innealta Capital LLC acquired a new stake in shares of Employers in the second quarter valued at $81,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Employers in the first quarter valued at $235,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EIG. Truist Financial upped 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. JMP Securities raised Employers to a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Employers Stock Down 0.5 %

Shares of Employers stock opened at $52.88 on Monday. The stock’s fifty day moving average is $48.84 and its 200-day moving average is $45.73. The firm has a market capitalization of $1.31 billion, a PE ratio of 9.90 and a beta of 0.24. Employers Holdings, Inc. has a 12-month low of $37.40 and a 12-month high of $54.44.

Employers (NYSE:EIG) last announced its 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 company 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%. Analysts expect that Employers Holdings, Inc. will post 3.63 EPS for the current year.

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, November 13th. Employers’s payout ratio is 22.47%.

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.