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

Amalgamated Bank cut its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,399 shares of the financial services provider’s stock after selling 356 shares during the quarter. Amalgamated Bank’s holdings in Employers were worth $355,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LSV Asset Management increased its position in shares of Employers by 33.5% in the second quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock valued at $45,454,000 after buying an additional 267,419 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Employers in the third quarter valued at $436,000. Price T Rowe Associates Inc. MD increased its position in shares of Employers by 12.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,334 shares of the financial services provider’s stock valued at $333,000 after buying an additional 834 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Employers in the second quarter valued at $1,522,000. Finally, Innealta Capital LLC purchased a new position in shares of Employers in the second quarter valued at $81,000. 80.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com cut Employers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. JMP Securities upgraded Employers to a “hold” rating in a research report on Thursday, August 1st. Finally, Truist Financial lifted their price objective on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Employers Stock Performance

Employers stock opened at $52.88 on Monday. The stock’s 50 day moving average price is $48.84 and its 200 day moving average price is $45.73. The firm has a market capitalization of $1.31 billion, a PE ratio of 9.90 and a beta of 0.24. Employers Holdings, Inc. has a one year low of $37.40 and a one year high of $54.44.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. Employers had a return on equity of 9.78% and a net margin of 15.27%. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $225.19 million. On average, analysts forecast that Employers Holdings, Inc. will post 3.63 earnings per share for the current fiscal year.

Employers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. Employers’s dividend payout ratio (DPR) is 22.47%.

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.