Dimensional Fund Advisors LP boosted its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,469,965 shares of the financial services provider’s stock after buying an additional 27,384 shares during the period. Dimensional Fund Advisors LP owned about 7.62% of Employers worth $112,260,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Teachers Advisors LLC increased its holdings in shares of Employers by 342.9% in the 2nd quarter. Teachers Advisors LLC now owns 243,804 shares of the financial services provider’s stock valued at $10,313,000 after purchasing an additional 188,754 shares during the period. State Street Corp increased its holdings in shares of Employers by 11.8% in the 2nd quarter. State Street Corp now owns 857,434 shares of the financial services provider’s stock valued at $36,267,000 after purchasing an additional 90,172 shares during the period. Vanguard Group Inc. increased its holdings in shares of Employers by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock valued at $121,764,000 after purchasing an additional 80,745 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Employers by 20.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 433,061 shares of the financial services provider’s stock valued at $18,319,000 after purchasing an additional 74,415 shares during the period. Finally, Shell Asset Management Co. acquired a new position in shares of Employers in the 3rd quarter valued at about $1,427,000. Hedge funds and other institutional investors own 77.37% of the company’s stock.
A number of equities analysts have recently weighed in on EIG shares. Zacks Investment Research downgraded Employers from a “buy” rating to a “hold” rating in a report on Friday, September 8th. SunTrust Banks reiterated a “buy” rating and issued a $53.00 target price on shares of Employers in a report on Friday, October 27th. Finally, ValuEngine downgraded Employers from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $47.33.
Employers Holdings, Inc. (NYSE EIG) opened at $47.15 on Tuesday. The firm has a market capitalization of $1,524.24, a PE ratio of 16.97 and a beta of 1.13. Employers Holdings, Inc. has a twelve month low of $35.60 and a twelve month high of $50.45.
Employers (NYSE:EIG) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $210.50 million for the quarter, compared to the consensus estimate of $193.04 million. Employers had a return on equity of 10.39% and a net margin of 13.32%. equities research analysts expect that Employers Holdings, Inc. will post 2.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a $0.15 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. Employers’s payout ratio is 18.81%.
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Employers Company Profile
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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