SG Americas Securities LLC Increases Holdings in Employers Holdings, Inc. (NYSE:EIG)

SG Americas Securities LLC boosted its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,702 shares of the financial services provider’s stock after purchasing an additional 737 shares during the period. SG Americas Securities LLC’s holdings in Employers were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EIG. JPMorgan Chase & Co. grew its holdings in shares of Employers by 8.6% during the 1st quarter. JPMorgan Chase & Co. now owns 217,843 shares of the financial services provider’s stock worth $8,936,000 after acquiring an additional 17,271 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Employers by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 15,932 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 5,732 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Employers by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,108 shares of the financial services provider’s stock worth $989,000 after acquiring an additional 2,973 shares during the period. APG Asset Management N.V. purchased a new position in shares of Employers during the 1st quarter worth approximately $487,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Employers by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,184,038 shares of the financial services provider’s stock worth $89,590,000 after acquiring an additional 6,685 shares during the period. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Analyst Ratings Changes

EIG has been the topic of a number of research analyst reports. Truist Financial upped their target price on Employers from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Janney Montgomery Scott downgraded Employers from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th.

Employers Stock Down 0.7 %

Employers stock opened at $42.75 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.56 and a beta of 0.24. The stock’s 50 day moving average is $44.12 and its 200 day moving average is $41.00. Employers Holdings, Inc. has a twelve month low of $35.43 and a twelve month high of $46.78.

Employers (NYSE:EIG) last posted its quarterly earnings results on Friday, February 16th. The financial services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.40. The company had revenue of $225.70 million for the quarter, compared to the consensus estimate of $215.38 million. Employers had a return on equity of 10.54% and a net margin of 13.88%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. As a group, equities analysts expect that Employers Holdings, Inc. will post 3.73 EPS for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.62%. Employers’s payout ratio is currently 25.06%.

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.