Victory Capital Management Inc. Has $795,000 Stock Position in Employers Holdings, Inc. (NYSE:EIG)

Victory Capital Management Inc. reduced its holdings in shares of Employers Holdings, Inc. (NYSE:EIG - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,179 shares of the financial services provider's stock after selling 80,765 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Employers worth $795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management lifted its stake in Employers by 18.7% during the third quarter. LSV Asset Management now owns 207,700 shares of the financial services provider's stock worth $8,298,000 after purchasing an additional 32,700 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Employers during the third quarter worth $298,000. Assenagon Asset Management S.A. lifted its stake in Employers by 33.4% during the third quarter. Assenagon Asset Management S.A. now owns 169,086 shares of the financial services provider's stock worth $6,755,000 after purchasing an additional 42,378 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in Employers during the third quarter worth $608,000. Finally, Barclays PLC lifted its stake in 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. 80.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EIG. Truist Financial raised their target price on Employers from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Janney Montgomery Scott cut Employers from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 27th.

Employers Stock Down 1.7 %

EIG stock traded down $0.69 during mid-day trading on Thursday, reaching $41.12. The company had a trading volume of 115,926 shares, compared to its average volume of 133,855. The stock has a market capitalization of $1.04 billion, a P/E ratio of 8.71 and a beta of 0.25. Employers Holdings, Inc. has a one year low of $35.43 and a one year high of $46.78. The stock's 50-day simple moving average is $43.57 and its two-hundred day simple moving average is $41.72.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly 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). The business 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%. Employers's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. On average, research analysts forecast that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from Employers's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, May 7th. Employers's dividend payout ratio (DPR) is 25.42%.

Employers 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.