MML Investors Services LLC Acquires 1,448 Shares of Employers Holdings, Inc. (NYSE:EIG)

MML Investors Services LLC raised its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 27.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,806 shares of the financial services provider’s stock after purchasing an additional 1,448 shares during the period. MML Investors Services LLC’s holdings in Employers were worth $326,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EIG. Innealta Capital LLC purchased a new stake in shares of Employers in the 2nd quarter worth approximately $81,000. Isthmus Partners LLC grew its stake in shares of Employers by 0.5% in the second quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 375 shares during the last quarter. LSV Asset Management increased its holdings in shares of Employers by 33.5% during 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 acquiring an additional 267,419 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Employers by 49.5% during the second quarter. Quest Partners LLC now owns 14,840 shares of the financial services provider’s stock valued at $633,000 after acquiring an additional 4,916 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of Employers by 12.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 25,282 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 2,771 shares during the last quarter. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EIG shares. Truist Financial raised their price objective 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 downgraded shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Employers Price Performance

Employers stock opened at $51.25 on Wednesday. Employers Holdings, Inc. has a one year low of $38.38 and a one year high of $54.44. The business’s fifty day moving average is $51.36 and its 200 day moving average is $47.66. The stock has a market capitalization of $1.27 billion, a PE ratio of 9.60 and a beta of 0.26.

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 analysts’ consensus estimates of $0.78 by $0.03. Employers had a net margin of 15.27% and a return on equity of 9.78%. The firm had revenue of $224.00 million for the quarter, compared to the consensus estimate of $225.19 million. As a group, 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 dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.34%. Employers’s dividend payout ratio is presently 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.