Robeco Institutional Asset Management B.V. Sells 43,933 Shares of Employers Holdings, Inc. (NYSE:EIG)

Robeco Institutional Asset Management B.V. lowered its position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 23.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,392 shares of the financial services provider's stock after selling 43,933 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.55% of Employers worth $5,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EIG. Allspring Global Investments Holdings LLC increased its position in shares of Employers by 55.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 93,757 shares of the financial services provider's stock worth $3,746,000 after purchasing an additional 33,282 shares during the period. Federated Hermes Inc. grew its position in 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 acquiring an additional 42,456 shares during the last quarter. LSV Asset Management grew its position in Employers by 18.7% in the third quarter. LSV Asset Management now owns 207,700 shares of the financial services provider's stock valued at $8,298,000 after acquiring an additional 32,700 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Employers by 2.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 44,708 shares of the financial services provider's stock valued at $1,761,000 after acquiring an additional 876 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Employers by 45.2% during the third quarter. Barclays PLC now owns 21,880 shares of the financial services provider's stock worth $875,000 after purchasing an additional 6,808 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company's stock.

Employers Price Performance

Shares of Employers stock traded up $0.01 during midday trading on Tuesday, reaching $41.72. The company had a trading volume of 70,937 shares, compared to its average volume of 134,429. Employers Holdings, Inc. has a fifty-two week low of $35.43 and a fifty-two week high of $46.78. The stock has a fifty day moving average price of $43.67 and a 200 day moving average price of $41.70. The firm has a market cap of $1.06 billion, a PE ratio of 8.85 and a beta of 0.25.

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

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This is a positive change from Employers's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.88%. Employers's payout ratio is 25.42%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EIG shares. Janney Montgomery Scott cut Employers from a "buy" rating to a "neutral" rating in a report on Tuesday, February 27th. Truist Financial lifted their price objective on Employers from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th.

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.