Isthmus Partners LLC Cuts Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

Isthmus Partners LLC decreased its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 20.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 64,407 shares of the financial services provider’s stock after selling 16,955 shares during the period. Isthmus Partners LLC owned 0.26% of Employers worth $3,090,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EIG. LSV Asset Management grew its position in Employers by 33.5% during the 2nd quarter. LSV Asset Management now owns 1,066,245 shares of the financial services provider’s stock worth $45,454,000 after purchasing an additional 267,419 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Employers by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock valued at $19,555,000 after purchasing an additional 89,429 shares during the period. Bank of Montreal Can acquired a new position in shares of Employers in the 2nd quarter valued at $1,522,000. Dimensional Fund Advisors LP lifted its stake in shares of Employers by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock valued at $89,653,000 after purchasing an additional 13,889 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Employers in the 3rd quarter valued at $436,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Employers Stock Up 0.6 %

Employers stock opened at $53.58 on Friday. Employers Holdings, Inc. has a 52-week low of $37.54 and a 52-week high of $54.44. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 10.03 and a beta of 0.24. The company has a fifty day simple moving average of $49.85 and a 200-day simple moving average of $46.34.

Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Employers had a net margin of 15.27% and a return on equity of 9.78%. The firm had revenue of $224.00 million during the quarter, compared to analyst estimates of $225.19 million. On average, research analysts anticipate that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, November 13th. Employers’s dividend payout ratio is currently 22.47%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EIG. Truist Financial boosted their price target on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities raised shares of Employers to a “hold” rating in a report on Thursday, August 1st. Finally, StockNews.com lowered shares of Employers from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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.