Employers Holdings, Inc. (NYSE:EIG) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 30.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,371 shares of the financial services provider’s stock after acquiring an additional 1,707 shares during the period. BNP Paribas Financial Markets’ holdings in Employers were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Employers by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock worth $89,653,000 after purchasing an additional 13,889 shares in the last quarter. LSV Asset Management boosted its position in Employers by 33.5% during the second quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock worth $45,454,000 after purchasing an additional 267,419 shares in the last quarter. American Century Companies Inc. boosted its position in Employers by 24.2% during the second quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock worth $19,555,000 after purchasing an additional 89,429 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Employers by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider’s stock worth $20,089,000 after purchasing an additional 1,296 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Employers by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider’s stock worth $9,626,000 after purchasing an additional 3,257 shares in the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Employers Stock Up 0.6 %

EIG opened at $52.72 on Friday. The firm has a market cap of $1.30 billion, a P/E ratio of 9.87 and a beta of 0.26. Employers Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $54.44. The business’s fifty day simple moving average is $51.01 and its 200 day simple moving average is $47.22.

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

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers’s payout ratio is currently 22.47%.

Analysts Set New Price Targets

A number of analysts have commented on EIG shares. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a research report on Wednesday. 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.

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.