26,392 Shares in Employers Holdings Inc $EIG Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Employers Holdings Inc (NYSE:EIG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,392 shares of the financial services provider's stock, valued at approximately $1,332,000. Public Employees Retirement System of Ohio owned approximately 0.15% of Employers at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of Employers in the 2nd quarter valued at $3,966,000. Jupiter Topco LLC bought a new stake in shares of Employers during the 2nd quarter worth $412,000. Hsbc Holdings PLC bought a new stake in shares of Employers during the 2nd quarter worth $621,000. Canada Pension Plan Investment Board acquired a new stake in Employers in the second quarter valued at about $262,000. Finally, Legal & General Group Plc acquired a new stake in Employers in the second quarter valued at about $2,450,000. Institutional investors and hedge funds own 80.49% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EIG. Truist Financial raised their target price on shares of Employers from $49.00 to $59.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Weiss Ratings raised Employers from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded shares of Employers from a "sell" rating to a "hold" rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.00.

Employers Price Performance

Shares of NYSE EIG opened at $49.58 on Tuesday. The company has a market capitalization of $890.46 million, a PE ratio of 71.86 and a beta of 0.47. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $52.59. The firm has a fifty day simple moving average of $49.78 and a 200 day simple moving average of $45.19.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. Employers had a return on equity of 1.30% and a net margin of 0.91%.The firm had revenue of $220.20 million during the quarter, compared to the consensus estimate of $203.51 million. During the same period last year, the business posted $0.48 EPS. The business's revenue was down 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Employers Holdings Inc will post 2.23 EPS for the current year.

Employers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $1.36 annualized dividend and a yield of 2.7%. Employers's dividend payout ratio (DPR) is currently 197.10%.

Employers Profile

Employers Holdings, Inc NYSE: EIG is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers' compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.

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