IndexIQ Advisors LLC boosted its position in shares of Employers Holdings Inc (NYSE:EIG) by 83.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,840 shares of the financial services provider’s stock after purchasing an additional 10,381 shares during the period. IndexIQ Advisors LLC owned about 0.07% of Employers Holdings worth $1,038,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Employers Holdings by 0.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,354 shares of the financial services provider’s stock valued at $1,242,000 after purchasing an additional 80 shares during the last quarter. Legal & General Group Plc lifted its holdings in Employers Holdings by 0.4% during the 1st quarter. Legal & General Group Plc now owns 57,379 shares of the financial services provider’s stock valued at $2,177,000 after purchasing an additional 225 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Employers Holdings by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 23,566 shares of the financial services provider’s stock valued at $997,000 after purchasing an additional 292 shares during the last quarter. Aviance Capital Partners LLC lifted its holdings in Employers Holdings by 1.0% during the 2nd quarter. Aviance Capital Partners LLC now owns 45,765 shares of the financial services provider’s stock valued at $1,936,000 after purchasing an additional 448 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in Employers Holdings by 5.1% during the 2nd quarter. Aperio Group LLC now owns 14,926 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 726 shares during the last quarter. 77.50% of the stock is owned by hedge funds and other institutional investors.

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EIG has been the subject of several analyst reports. Zacks Investment Research raised shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Friday, September 15th. SunTrust Banks, Inc. reissued a “buy” rating and set a $53.00 price target on shares of Employers Holdings in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.33.

Shares of Employers Holdings Inc (EIG) opened at $48.00 on Friday. The firm has a market cap of $1,558.29, a PE ratio of 17.35 and a beta of 1.13. Employers Holdings Inc has a 1 year low of $31.95 and a 1 year high of $49.60.

Employers Holdings (NYSE:EIG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.08. The firm had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $193.04 million. Employers Holdings had a net margin of 13.32% and a return on equity of 10.39%. equities research analysts forecast that Employers Holdings Inc will post 2.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, November 7th. Employers Holdings’s payout ratio is presently 18.81%.

Employers Holdings Profile

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.

Institutional Ownership by Quarter for Employers Holdings (NYSE:EIG)

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