Ellsworth Advisors LLC Boosts Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

Ellsworth Advisors LLC increased its position in Employers Holdings, Inc. (NYSE:EIG) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,169 shares of the financial services provider’s stock after buying an additional 857 shares during the quarter. Ellsworth Advisors LLC owned about 0.05% of Employers worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EIG. Versant Capital Management Inc boosted its position in shares of Employers by 50.1% in the fourth 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 during the period. GAMMA Investing LLC grew its holdings in Employers by 45.5% during the 3rd 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 in the last quarter. FMR LLC increased its stake in 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 buying an additional 200 shares during the period. Mackenzie Financial Corp purchased a new position in Employers in the 2nd quarter valued at about $257,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Employers during the second quarter valued at about $257,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial increased their target price on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Employers Stock Down 0.8 %

Shares of EIG stock opened at $49.82 on Monday. The company has a market cap of $1.23 billion, a P/E ratio of 9.33 and a beta of 0.27. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $54.44. The business has a 50 day moving average of $51.62 and a two-hundred day moving average of $48.72.

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

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.41%. Employers’s dividend payout ratio is presently 22.47%.

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.