Hsbc Holdings PLC Raises Holdings in Employers Holdings, Inc. (NYSE:EIG)

Hsbc Holdings PLC boosted its holdings in shares of Employers Holdings, Inc. (NYSE:EIGFree Report) by 554.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,671 shares of the financial services provider’s stock after buying an additional 130,206 shares during the quarter. Hsbc Holdings PLC owned approximately 0.60% of Employers worth $6,045,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Employers by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the financial services provider’s stock valued at $101,000 after buying an additional 302 shares during the period. Aigen Investment Management LP purchased a new position in Employers during the third quarter valued at approximately $226,000. SG Americas Securities LLC increased its holdings in Employers by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 5,702 shares of the financial services provider’s stock valued at $225,000 after buying an additional 737 shares during the period. Wealthspire Advisors LLC purchased a new position in Employers during the fourth quarter valued at approximately $437,000. Finally, Mutual Advisors LLC purchased a new position in Employers during the third quarter valued at approximately $447,000. 80.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Employers

In other news, insider Ann Marie Smith sold 1,764 shares of Employers stock in a transaction on Friday, May 31st. The shares were sold at an average price of $41.26, for a total transaction of $72,782.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $278,133.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EIG shares. Janney Montgomery Scott lowered shares of Employers from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Truist Financial lifted their price target on shares of Employers from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th.

Check Out Our Latest Report on Employers

Employers Trading Down 0.5 %

NYSE EIG opened at $41.95 on Tuesday. The firm’s fifty day simple moving average is $43.10 and its two-hundred day simple moving average is $41.92. Employers Holdings, Inc. has a 12-month low of $35.43 and a 12-month high of $46.78. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.89 and a beta of 0.24.

Employers (NYSE:EIGGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.02). Employers had a return on equity of 10.49% and a net margin of 14.16%. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $217.46 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts predict that Employers Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Employers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.30 per share. This is an increase from Employers’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Tuesday, May 7th. Employers’s payout ratio is presently 25.42%.

About Employers

(Free Report)

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.

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Institutional Ownership by Quarter for Employers (NYSE:EIG)

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