Exchange Traded Concepts LLC Has $1.92 Million Stake in Employers Holdings, Inc. (NYSE:EIG)

Exchange Traded Concepts LLC grew its holdings in Employers Holdings, Inc. (NYSE:EIG) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,446 shares of the financial services provider’s stock after purchasing an additional 1,778 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Employers were worth $1,918,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EIG. Versant Capital Management Inc lifted its position in Employers by 50.1% during the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after buying an additional 199 shares in the last quarter. FMR LLC raised its stake in shares of Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 200 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Employers by 1.6% during the third quarter. HighTower Advisors LLC now owns 14,723 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 227 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Employers by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 358 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Employers by 4.7% during the third quarter. Inspire Investing LLC now owns 8,614 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 389 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Employers Price Performance

Shares of NYSE:EIG opened at $49.09 on Monday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 9.19 and a beta of 0.27. The company has a 50 day moving average of $51.21 and a 200-day moving average of $48.97. Employers Holdings, Inc. has a one year low of $38.67 and a one year high of $54.44.

Employers (NYSE:EIG) last announced 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 for the quarter, compared to analysts’ expectations of $225.19 million. Employers had a net margin of 15.27% and a return on equity of 9.78%. Equities research analysts anticipate 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. Investors of record on Wednesday, November 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.44%. Employers’s dividend payout ratio is presently 22.47%.

Wall Street Analysts Forecast Growth

EIG has been the topic of several research reports. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial boosted their target price on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

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.