Allspring Global Investments Holdings LLC Sells 5,379 Shares of Employers Holdings, Inc. (NYSE:EIG)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,931 shares of the financial services provider’s stock after selling 5,379 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.24% of Employers worth $2,555,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Employers by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock valued at $124,278,000 after acquiring an additional 16,997 shares during the period. Dimensional Fund Advisors LP grew its stake in Employers by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,817 shares of the financial services provider’s stock valued at $82,339,000 after purchasing an additional 27,320 shares during the last quarter. LSV Asset Management raised its holdings in Employers by 58.9% in the first quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after purchasing an additional 295,983 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Employers by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider’s stock valued at $16,712,000 after buying an additional 26,555 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Employers by 4.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 290,745 shares of the financial services provider’s stock valued at $11,455,000 after buying an additional 12,100 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities upgraded shares of Employers to a “hold” rating in a research note on Thursday, August 1st.

Employers Price Performance

Shares of EIG stock opened at $47.95 on Tuesday. The stock’s fifty day moving average price is $45.36 and its 200 day moving average price is $44.09. Employers Holdings, Inc. has a 1-year low of $36.65 and a 1-year high of $49.00. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.16 and a beta of 0.24.

Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The business had revenue of $217.00 million for the quarter, compared to analyst estimates of $223.82 million. Employers had a return on equity of 9.95% and a net margin of 13.76%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. As a group, equities research analysts anticipate that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $0.30 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.50%. Employers’s dividend payout ratio is currently 25.42%.

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.