Sanctuary Advisors LLC Has $513,000 Stake in Employers Holdings, Inc. (NYSE:EIG)

Sanctuary Advisors LLC grew its holdings in Employers Holdings, Inc. (NYSE:EIG) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,643 shares of the financial services provider’s stock after purchasing an additional 990 shares during the quarter. Sanctuary Advisors LLC’s holdings in Employers were worth $513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Isthmus Partners LLC grew its holdings in Employers by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 375 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Employers by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 358 shares during the last quarter. FMR LLC increased its holdings in shares of Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 200 shares in the last quarter. Innealta Capital LLC bought a new position in Employers in the 2nd quarter worth approximately $81,000. Finally, Mackenzie Financial Corp acquired a new position in Employers during the 2nd quarter worth $257,000. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Performance

Shares of Employers stock opened at $51.25 on Thursday. The firm has a fifty day moving average of $51.41 and a two-hundred day moving average of $47.73. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.60 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.

Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Employers had a return on equity of 9.78% and a net margin of 15.27%. The business had revenue of $224.00 million during the quarter, compared to the consensus estimate of $225.19 million. As a group, research analysts forecast that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers’s payout ratio is 22.47%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Truist Financial upped their target price 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 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.