Employers Holdings, Inc. (NYSE:EIG – Get Rating) shares saw unusually-high trading volume on Wednesday . Approximately 137,326 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 133,610 shares.The stock last traded at $36.14 and had previously closed at $36.28.
Wall Street Analyst Weigh In
EIG has been the topic of several analyst reports. Janney Montgomery Scott initiated coverage on shares of Employers in a report on Friday, February 24th. They issued a “buy” rating and a $50.00 price objective on the stock. Truist Financial increased their price objective on shares of Employers from $52.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Finally, StockNews.com initiated coverage on shares of Employers in a report on Thursday, May 18th. They issued a “buy” rating on the stock.
Employers Stock Up 0.2 %
The company’s fifty day simple moving average is $39.98 and its two-hundred day simple moving average is $42.11. The company has a market capitalization of $974.40 million, a price-to-earnings ratio of 13.33 and a beta of 0.24.
Employers Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a dividend of $0.28 per share. This is an increase from Employers’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $1.12 annualized dividend and a dividend yield of 3.09%. Employers’s dividend payout ratio is currently 41.18%.
Institutional Investors Weigh In On Employers
Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Employers by 224.7% in the first quarter. Goldman Sachs Group Inc. now owns 462,180 shares of the financial services provider’s stock valued at $18,959,000 after purchasing an additional 319,856 shares in the last quarter. Millennium Management LLC grew its position in Employers by 110.1% in the fourth quarter. Millennium Management LLC now owns 486,792 shares of the financial services provider’s stock valued at $20,995,000 after purchasing an additional 255,104 shares in the last quarter. Norges Bank bought a new position in Employers in the fourth quarter valued at $9,331,000. JPMorgan Chase & Co. grew its position in Employers by 51.4% in the fourth quarter. JPMorgan Chase & Co. now owns 333,025 shares of the financial services provider’s stock valued at $14,363,000 after purchasing an additional 113,042 shares in the last quarter. Finally, BlackRock Inc. grew its position in Employers by 2.8% in the first quarter. BlackRock Inc. now owns 3,970,398 shares of the financial services provider’s stock valued at $165,526,000 after purchasing an additional 109,450 shares in the last quarter. Institutional investors own 78.14% of the company’s stock.
About Employers
Employers Holdings, Inc engages in the provision of workers compensation products and services. It operates through following segments: Employers, Cerity, and Corporate and Others. The Employers segment includes traditional business offered under the EMPLOYERS brand name through agents. The Cerity segment operates under the Cerity brand name, which includes direct-to-customer business.
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