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

Swiss National Bank lowered its stake in Employers Holdings, Inc. (NYSE:EIG) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,400 shares of the financial services provider’s stock after selling 7,700 shares during the quarter. Swiss National Bank’s holdings in Employers were worth $2,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. New York State Common Retirement Fund increased its stake in shares of Employers by 3.9% during the fourth quarter. New York State Common Retirement Fund now owns 21,561 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 814 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Employers by 221.6% in the fourth quarter. Federated Hermes Inc. now owns 61,617 shares of the financial services provider’s stock valued at $2,428,000 after buying an additional 42,456 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Employers in the 4th quarter valued at about $508,000. SG Americas Securities LLC lifted its holdings in Employers by 14.8% in the 4th 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 boosted its position in shares of Employers by 2.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,708 shares of the financial services provider’s stock valued at $1,761,000 after purchasing an additional 876 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EIG shares. Truist Financial upped their price target on Employers from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Janney Montgomery Scott lowered Employers from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th.

Employers Stock Up 0.5 %

Shares of NYSE:EIG opened at $41.32 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of 8.72 and a beta of 0.25. The company’s fifty day moving average is $43.50 and its two-hundred day moving average is $41.71. Employers Holdings, Inc. has a 12-month low of $35.43 and a 12-month high of $46.78.

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

Employers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. This is a positive change from Employers’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, May 7th. Employers’s payout ratio is currently 25.42%.

About Employers

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.