Employers Holdings, Inc. (NYSE:EIG – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.36 and traded as high as $48.83. Employers shares last traded at $48.71, with a volume of 137,242 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages have issued reports on EIG. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial raised their price target on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.
Check Out Our Latest Stock Report on EIG
Employers Price Performance
Employers (NYSE:EIG – Get Free Report) last issued its quarterly 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. 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%. As a group, sell-side analysts forecast that Employers Holdings, Inc. will post 3.65 earnings per share for the current year.
Employers Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, November 13th. Employers’s dividend payout ratio is currently 22.47%.
Institutional Investors Weigh In On Employers
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Employers by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock worth $89,653,000 after purchasing an additional 13,889 shares during the period. Geode Capital Management LLC boosted its holdings in Employers by 0.6% in the third quarter. Geode Capital Management LLC now owns 579,404 shares of the financial services provider’s stock valued at $27,800,000 after acquiring an additional 3,349 shares during the last quarter. American Century Companies Inc. grew its position in Employers by 24.2% during 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 acquiring an additional 89,429 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Employers by 0.3% during 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 during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Employers by 1.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 3,257 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.
Employers Company 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.
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