Employers Holdings, Inc. (NYSE:EIG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 23.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,223 shares of the financial services provider’s stock after selling 17,540 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Employers worth $2,697,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EIG. LSV Asset Management increased its stake in 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 purchasing an additional 267,419 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Employers in the 3rd quarter valued at $436,000. Bank of Montreal Can purchased a new position in shares of Employers in the 2nd quarter valued at $1,522,000. Innealta Capital LLC acquired a new stake in Employers during the 2nd quarter worth $81,000. Finally, QRG Capital Management Inc. lifted its position in Employers by 15.8% in the third quarter. QRG Capital Management Inc. now owns 32,315 shares of the financial services provider’s stock valued at $1,550,000 after acquiring an additional 4,415 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Employers Price Performance

Shares of NYSE:EIG opened at $52.72 on Friday. Employers Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $54.44. The stock has a market cap of $1.30 billion, a P/E ratio of 9.87 and a beta of 0.26. The firm has a fifty day moving average price of $51.01 and a 200 day moving average price of $47.22.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.03. The business had revenue of $224.00 million during the quarter, compared to the consensus estimate of $225.19 million. Employers had a net margin of 15.27% and a return on equity of 9.78%. Sell-side analysts expect that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. Employers’s dividend payout ratio (DPR) is currently 22.47%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial raised their price target on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

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.