Principal Financial Group Inc. Has $5.62 Million Position in Employers Holdings, Inc. (NYSE:EIG)

Principal Financial Group Inc. trimmed its position in Employers Holdings, Inc. (NYSE:EIG) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,081 shares of the financial services provider’s stock after selling 7,921 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Employers worth $5,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC raised its stake in Employers by 4.3% in the 2nd quarter. Inspire Investing LLC now owns 8,225 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 336 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Employers by 45.5% in the third quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after buying an additional 358 shares during the period. Isthmus Partners LLC grew its position in Employers by 0.5% during the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock worth $35,000 after buying an additional 375 shares in the last quarter. Ellsworth Advisors LLC increased its stake in Employers by 6.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 12,312 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 692 shares during the period. Finally, Sei Investments Co. raised its holdings in Employers by 8.0% in the 2nd quarter. Sei Investments Co. now owns 10,678 shares of the financial services provider’s stock valued at $455,000 after acquiring an additional 795 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on EIG shares. JMP Securities raised Employers to a “hold” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Truist Financial boosted their price objective on shares of Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Employers Trading Down 0.1 %

EIG stock opened at $52.45 on Thursday. The firm has a 50-day moving average price of $49.05 and a 200-day moving average price of $45.89. Employers Holdings, Inc. has a 12 month low of $37.54 and a 12 month high of $54.44. The stock has a market capitalization of $1.30 billion, a P/E ratio of 9.79 and a beta of 0.24.

Employers (NYSE:EIG) last announced its quarterly earnings results 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 net margin of 15.27% and a return on equity of 9.78%. The company had revenue of $224.00 million during the quarter, compared to the consensus estimate of $225.19 million. As a group, equities analysts predict that Employers Holdings, Inc. will post 3.63 EPS 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, November 13th. Employers’s dividend payout ratio (DPR) is currently 22.47%.

About Employers

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.