Rhumbline Advisers raised its position in Employers Holdings, Inc. (NYSE:EIG) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,564 shares of the financial services provider’s stock after buying an additional 10,414 shares during the quarter. Rhumbline Advisers’ holdings in Employers were worth $3,932,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EIG. Assenagon Asset Management S.A. acquired a new position in Employers in the 4th quarter valued at $5,031,000. Dalton Greiner Hartman Maher & Co. grew its holdings in Employers by 6.2% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 664,071 shares of the financial services provider’s stock valued at $29,485,000 after buying an additional 38,910 shares in the last quarter. Arizona State Retirement System grew its holdings in Employers by 224.6% in the 4th quarter. Arizona State Retirement System now owns 54,508 shares of the financial services provider’s stock valued at $2,420,000 after buying an additional 37,716 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Employers by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,469,965 shares of the financial services provider’s stock valued at $112,260,000 after buying an additional 27,384 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in Employers by 61.6% in the 4th quarter. Pinebridge Investments L.P. now owns 61,263 shares of the financial services provider’s stock valued at $2,721,000 after buying an additional 23,344 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Employers Holdings, Inc. (NYSE EIG) opened at $41.15 on Wednesday. The firm has a market capitalization of $1,350.75, a price-to-earnings ratio of 14.34 and a beta of 1.10. Employers Holdings, Inc. has a 1 year low of $35.90 and a 1 year high of $50.45.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Employers’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 6th. Employers’s dividend payout ratio is presently 26.23%.
In other news, EVP John P. Nelson sold 2,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $43.23, for a total transaction of $86,460.00. Following the completion of the sale, the executive vice president now directly owns 28,672 shares in the company, valued at approximately $1,239,490.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John P. Nelson sold 12,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.79, for a total value of $561,480.00. Following the sale, the executive vice president now owns 25,977 shares of the company’s stock, valued at $1,215,463.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,904 shares of company stock valued at $1,493,144. Corporate insiders own 3.50% of the company’s stock.
A number of research firms have recently weighed in on EIG. Zacks Investment Research downgraded Employers from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, February 27th. ValuEngine upgraded Employers from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Employers currently has a consensus rating of “Hold” and a consensus price target of $46.00.
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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