Employers Holdings, Inc. (NYSE:EIG) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P grew its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,489 shares of the financial services provider’s stock after acquiring an additional 407 shares during the quarter. Martingale Asset Management L P owned about 0.13% of Employers worth $1,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EIG. Lazard Asset Management LLC acquired a new stake in shares of Employers in the first quarter valued at about $36,000. GAMMA Investing LLC raised its position in shares of Employers by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 358 shares during the period. FMR LLC raised its position in shares of Employers by 15.2% during the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 200 shares during the period. Innealta Capital LLC acquired a new stake in shares of Employers during the 2nd quarter worth approximately $81,000. Finally, Mackenzie Financial Corp acquired a new stake in Employers in the 2nd quarter valued at approximately $257,000. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Down 0.4 %

Shares of Employers stock opened at $53.36 on Monday. The stock has a market cap of $1.32 billion, a PE ratio of 9.99 and a beta of 0.24. The business has a fifty day simple moving average of $49.97 and a 200-day simple moving average of $46.47. Employers Holdings, Inc. has a 12 month low of $37.82 and a 12 month high of $54.44.

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

Employers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 annualized dividend and a yield of 2.25%. Employers’s dividend payout ratio (DPR) is currently 22.47%.

Analysts Set New Price Targets

EIG has been the topic of several analyst reports. Truist Financial raised their target price on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.