LSV Asset Management Has $19.81 Million Stock Holdings in Employers Holdings, Inc. (NYSE:EIG)

LSV Asset Management grew its position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 142.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,843 shares of the financial services provider's stock after purchasing an additional 295,143 shares during the period. LSV Asset Management owned approximately 1.96% of Employers worth $19,812,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EIG. Allspring Global Investments Holdings LLC boosted its position in shares of Employers by 55.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 93,757 shares of the financial services provider's stock worth $3,746,000 after acquiring an additional 33,282 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Employers by 221.6% in the fourth quarter. Federated Hermes Inc. now owns 61,617 shares of the financial services provider's stock valued at $2,428,000 after purchasing an additional 42,456 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Employers by 2.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 44,708 shares of the financial services provider's stock worth $1,761,000 after purchasing an additional 876 shares during the last quarter. Barclays PLC grew its position in Employers by 45.2% in the 3rd quarter. Barclays PLC now owns 21,880 shares of the financial services provider's stock valued at $875,000 after buying an additional 6,808 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Employers by 247.6% in the 3rd quarter. AQR Capital Management LLC now owns 193,350 shares of the financial services provider's stock valued at $7,724,000 after buying an additional 137,725 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EIG has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Employers from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Janney Montgomery Scott downgraded Employers from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 27th.

Employers Stock Performance

EIG traded up $0.13 on Tuesday, hitting $42.84. 83,197 shares of the company were exchanged, compared to its average volume of 137,969. The business's fifty day moving average is $44.10 and its 200 day moving average is $41.41. Employers Holdings, Inc. has a fifty-two week low of $35.43 and a fifty-two week high of $46.78. The firm has a market capitalization of $1.09 billion, a P/E ratio of 9.08 and a beta of 0.25.

Employers (NYSE:EIG - Get Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Employers had a return on equity of 10.49% and a net margin of 14.16%. The firm had revenue of $223.10 million for the quarter, compared to analysts' expectations of $217.46 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts forecast that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.80%. This is a boost from Employers's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, May 7th. Employers's payout ratio is 23.73%.

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.