Crossmark Global Holdings Inc. bought a new position in shares of Employers Holdings Inc (NYSE:EIG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,230 shares of the financial services provider’s stock, valued at approximately $374,000.

Other hedge funds have also recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Employers Holdings during the second quarter worth $295,000. Prudential Financial Inc. grew its stake in shares of Employers Holdings by 12.6% during the second quarter. Prudential Financial Inc. now owns 402,566 shares of the financial services provider’s stock worth $17,028,000 after purchasing an additional 45,088 shares in the last quarter. Aviance Capital Partners LLC grew its stake in shares of Employers Holdings by 1.0% during the second quarter. Aviance Capital Partners LLC now owns 45,765 shares of the financial services provider’s stock worth $1,936,000 after purchasing an additional 448 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Employers Holdings by 84.3% during the second quarter. Royal Bank of Canada now owns 18,801 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 8,602 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Employers Holdings by 5.6% during the first quarter. Vanguard Group Inc. now owns 2,797,847 shares of the financial services provider’s stock worth $106,177,000 after purchasing an additional 147,837 shares in the last quarter. Hedge funds and other institutional investors own 77.02% of the company’s stock.

Employers Holdings Inc (EIG) opened at $48.60 on Friday. Employers Holdings Inc has a 12 month low of $34.88 and a 12 month high of $49.65. The stock has a market cap of $1,585.86, a price-to-earnings ratio of 17.65 and a beta of 1.13.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a $0.15 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.60 annualized dividend and a yield of 1.23%. Employers Holdings’s dividend payout ratio is presently 18.81%.

A number of brokerages recently commented on EIG. BidaskClub downgraded shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Buckingham Research began coverage on shares of Employers Holdings in a research note on Monday, September 11th. They set an “underperform” rating and a $36.00 target price for the company. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $53.00 target price on shares of Employers Holdings in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Employers Holdings currently has an average rating of “Hold” and an average target price of $47.33.

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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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