Employers Holdings, Inc. (NYSE:EIG) Stock Position Decreased by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 63.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,375 shares of the financial services provider’s stock after selling 9,465 shares during the quarter. Quest Partners LLC’s holdings in Employers were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Isthmus Partners LLC grew its position in shares of Employers by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock valued at $35,000 after buying an additional 375 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Employers during the 1st quarter valued at about $36,000. Bessemer Group Inc. grew its position in Employers by 983.8% in the 1st quarter. Bessemer Group Inc. now owns 1,138 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,033 shares during the last quarter. GAMMA Investing LLC grew its position in Employers by 45.5% in 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 last quarter. Finally, Innealta Capital LLC bought a new position in Employers in the 2nd quarter worth about $81,000. Institutional investors own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EIG. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. JMP Securities upgraded shares of Employers to a “hold” rating in a research report on Thursday, August 1st. Finally, Truist Financial upped their target price on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Employers Trading Down 0.1 %

Shares of NYSE:EIG opened at $53.24 on Wednesday. The company has a 50 day moving average of $49.51 and a 200-day moving average of $46.17. The firm has a market cap of $1.32 billion, a P/E ratio of 9.98 and a beta of 0.24. Employers Holdings, Inc. has a twelve month low of $37.54 and a twelve month high of $54.44.

Employers (NYSE:EIG) last issued its quarterly earnings results 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. The company had revenue of $224.00 million during the quarter, compared to analyst estimates of $225.19 million. Employers had a net margin of 15.27% and a return on equity of 9.78%. Equities research analysts forecast that Employers Holdings, Inc. will post 3.65 EPS for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Wednesday, November 13th. Employers’s dividend payout ratio is currently 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.