Quest Partners LLC Purchases Shares of 23,059 Employers Holdings, Inc. (NYSE:EIG)

Quest Partners LLC acquired a new position in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,059 shares of the financial services provider's stock, valued at approximately $909,000. Quest Partners LLC owned approximately 0.09% of Employers at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Employers by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,089,817 shares of the financial services provider's stock valued at $82,339,000 after buying an additional 27,320 shares during the last quarter. Northern Trust Corp raised its position in shares of Employers by 0.3% during the 3rd quarter. Northern Trust Corp now owns 599,109 shares of the financial services provider's stock valued at $23,934,000 after acquiring an additional 1,660 shares in the last quarter. LSV Asset Management lifted its stake in Employers by 142.1% during the fourth quarter. LSV Asset Management now owns 502,843 shares of the financial services provider's stock worth $19,812,000 after purchasing an additional 295,143 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Employers by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,158 shares of the financial services provider's stock worth $16,712,000 after purchasing an additional 26,555 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Employers by 9.9% during the third quarter. Eagle Asset Management Inc. now owns 285,856 shares of the financial services provider's stock valued at $11,420,000 after purchasing an additional 25,655 shares during the last quarter. Institutional investors own 80.49% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on EIG. Janney Montgomery Scott lowered shares of Employers from a "buy" rating to a "neutral" rating in a report on Tuesday, February 27th. Truist Financial increased their price target on Employers from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th.

Employers Stock Performance

Shares of EIG traded up $0.10 during midday trading on Wednesday, hitting $41.81. 95,616 shares of the stock traded hands, compared to its average volume of 134,037. Employers Holdings, Inc. has a 1-year low of $35.43 and a 1-year high of $46.78. The business's 50 day moving average price is $43.57 and its two-hundred day moving average price is $41.72. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.86 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). The firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $217.46 million. Employers had a net margin of 14.16% and a return on equity of 10.49%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. As a group, equities research analysts forecast that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Employers's previous quarterly dividend of $0.28. Employers's dividend payout ratio is currently 25.42%.

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.