Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Employers Holdings, Inc. (NYSE:EIG) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,700 shares of the financial services provider’s stock after selling 2,057 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Employers were worth $3,613,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EIG. JPMorgan Chase & Co. lifted its holdings in shares of Employers by 8.6% in the first quarter. JPMorgan Chase & Co. now owns 217,843 shares of the financial services provider’s stock valued at $8,936,000 after buying an additional 17,271 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Employers by 56.2% in the first quarter. MetLife Investment Management LLC now owns 15,932 shares of the financial services provider’s stock valued at $654,000 after buying an additional 5,732 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Employers by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,108 shares of the financial services provider’s stock valued at $989,000 after buying an additional 2,973 shares during the period. APG Asset Management N.V. acquired a new stake in shares of Employers in the first quarter valued at $487,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Employers by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,184,038 shares of the financial services provider’s stock valued at $89,590,000 after buying an additional 6,685 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EIG. Truist Financial boosted their target price on Employers from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Janney Montgomery Scott lowered Employers from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th.

Employers Stock Up 2.9 %

Shares of Employers stock opened at $44.36 on Friday. The stock’s fifty day moving average is $44.39 and its 200-day moving average is $41.11. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.92 and a beta of 0.24. Employers Holdings, Inc. has a 12-month low of $35.43 and a 12-month high of $46.78.

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

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, February 27th. Employers’s payout ratio is 25.06%.

Employers 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.