Barclays PLC Purchases 31,131 Shares of Employers Holdings, Inc. (NYSE:EIG)

Barclays PLC lifted its holdings in Employers Holdings, Inc. (NYSE:EIG) by 300.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,501 shares of the financial services provider’s stock after buying an additional 31,131 shares during the quarter. Barclays PLC owned about 0.17% of Employers worth $1,991,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $89,653,000 after acquiring an additional 13,889 shares during the period. LSV Asset Management raised its stake in Employers by 33.5% during the 2nd quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock worth $45,454,000 after buying an additional 267,419 shares during the period. American Century Companies Inc. lifted its holdings in shares of Employers by 24.2% during the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock valued at $19,555,000 after purchasing an additional 89,429 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Employers by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,784 shares of the financial services provider’s stock valued at $20,089,000 after buying an additional 1,296 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Employers by 1.6% during the 3rd 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 owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EIG. Truist Financial raised their target price on shares of Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Employers Trading Up 0.3 %

NYSE EIG opened at $51.41 on Friday. The firm’s 50 day simple moving average is $51.44 and its 200 day simple moving average is $47.75. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.63 and a beta of 0.26. Employers Holdings, Inc. has a 1 year low of $38.38 and a 1 year high of $54.44.

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, beating 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 for the quarter, compared to analyst estimates of $225.19 million. On average, equities research analysts forecast that Employers Holdings, Inc. will post 3.65 earnings per share for the current year.

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was 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.