First Trust Advisors LP Has $3.24 Million Position in Employers Holdings Inc $EIG

First Trust Advisors LP lessened its stake in Employers Holdings Inc (NYSE:EIG) by 11.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 78,716 shares of the financial services provider’s stock after selling 10,611 shares during the period. First Trust Advisors LP’s holdings in Employers were worth $3,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. increased its stake in shares of Employers by 69.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 388,769 shares of the financial services provider’s stock valued at $16,783,000 after buying an additional 159,956 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Employers by 126.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider’s stock worth $14,224,000 after acquiring an additional 183,828 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Employers by 93.1% in the second quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock valued at $12,459,000 after acquiring an additional 127,330 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Employers by 62.4% in the third quarter. Two Sigma Investments LP now owns 181,591 shares of the financial services provider’s stock valued at $7,714,000 after acquiring an additional 69,741 shares during the last quarter. Finally, UBS Group AG increased its position in Employers by 125.0% during the 3rd quarter. UBS Group AG now owns 181,341 shares of the financial services provider’s stock valued at $7,703,000 after purchasing an additional 100,751 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Price Performance

Shares of NYSE:EIG opened at $50.62 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $52.59. The stock’s 50 day moving average is $48.69 and its 200-day moving average is $44.45. The firm has a market capitalization of $909.05 million, a price-to-earnings ratio of 73.36 and a beta of 0.47.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. The business had revenue of $220.20 million during the quarter, compared to the consensus estimate of $203.51 million. Employers had a net margin of 0.91% and a return on equity of 1.30%. Employers’s revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Sell-side analysts forecast that Employers Holdings Inc will post 2.22 EPS for the current fiscal year.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 12th. Employers’s dividend payout ratio (DPR) is 197.10%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Zacks Research lowered shares of Employers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Employers from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Truist Financial increased their price target on Employers from $49.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Employers presently has an average rating of “Hold” and a consensus target price of $59.00.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.