Rhumbline Advisers lifted its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,564 shares of the financial services provider’s stock after purchasing an additional 10,414 shares during the period. Rhumbline Advisers owned 0.27% of Employers worth $3,932,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Employers by 224.6% during the 4th quarter. Arizona State Retirement System now owns 54,508 shares of the financial services provider’s stock worth $2,420,000 after acquiring an additional 37,716 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Employers by 61.6% during the 4th quarter. Pinebridge Investments L.P. now owns 61,263 shares of the financial services provider’s stock worth $2,721,000 after acquiring an additional 23,344 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Employers by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 59,199 shares of the financial services provider’s stock worth $2,628,000 after acquiring an additional 10,572 shares during the last quarter. Bailard Inc. acquired a new position in shares of Employers during the 4th quarter worth approximately $617,000. Finally, Swiss National Bank increased its holdings in shares of Employers by 3.6% during the 4th quarter. Swiss National Bank now owns 55,200 shares of the financial services provider’s stock worth $2,451,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 79.59% of the company’s stock.
Employers Holdings, Inc. (EIG) opened at $41.15 on Wednesday. The firm has a market capitalization of $1,350.75, a P/E 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.94%. This is a positive change 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 currently 26.23%.
In other Employers news, EVP John P. Nelson sold 12,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.79, for a total value of $561,480.00. Following the transaction, the executive vice president now directly owns 25,977 shares of the company’s stock, valued at approximately $1,215,463.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John P. Nelson sold 9,825 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $45.68, for a total value of $448,806.00. Following the completion of the transaction, the executive vice president now directly owns 23,802 shares in the company, valued at $1,087,275.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,904 shares of company stock worth $1,493,144. Insiders own 3.50% of the company’s stock.
A number of research firms recently weighed in on EIG. Zacks Investment Research lowered Employers from a “strong-buy” rating to a “sell” rating in a report on Tuesday, February 27th. ValuEngine raised Employers from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $46.00.
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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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