LSV Asset Management Raises Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

LSV Asset Management grew its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 142.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 502,843 shares of the financial services provider’s stock after acquiring an additional 295,143 shares during the quarter. LSV Asset Management owned about 1.96% of Employers worth $19,812,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in Employers by 3.9% in the fourth quarter. New York State Common Retirement Fund now owns 21,561 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 814 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Employers by 221.6% in the 4th quarter. Federated Hermes Inc. now owns 61,617 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 42,456 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Employers in the fourth quarter worth $508,000. SG Americas Securities LLC increased its position in Employers by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 5,702 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 737 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Employers by 2.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 44,708 shares of the financial services provider’s stock valued at $1,761,000 after acquiring an additional 876 shares during the period. 80.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Janney Montgomery Scott downgraded Employers from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. Truist Financial boosted their target price on shares of Employers from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th.

Employers Stock Performance

Shares of Employers stock opened at $43.02 on Tuesday. The stock has a market cap of $1.09 billion, a P/E ratio of 9.11 and a beta of 0.25. The stock’s fifty day moving average is $44.17 and its 200 day moving average is $41.39. Employers Holdings, Inc. has a one year low of $35.43 and a one year high of $46.78.

Employers (NYSE:EIG) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02). Employers had a return on equity of 10.49% and a net margin of 14.16%. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $217.46 million. During the same period in the prior year, the company posted $0.60 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. Analysts predict that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a dividend of $0.30 per share. This is a boost from Employers’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, May 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Employers’s payout ratio is 23.73%.

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.