Nationwide Fund Advisors reduced its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 23.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 86,204 shares of the financial services provider’s stock after selling 26,145 shares during the period. Nationwide Fund Advisors owned about 0.27% of Employers worth $3,918,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Employers by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock worth $121,764,000 after acquiring an additional 80,745 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Employers by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,442,581 shares of the financial services provider’s stock worth $103,322,000 after acquiring an additional 91,595 shares during the last quarter. Northern Trust Corp increased its holdings in Employers by 1.4% during the 2nd quarter. Northern Trust Corp now owns 1,119,917 shares of the financial services provider’s stock worth $47,372,000 after purchasing an additional 15,825 shares during the period. State Street Corp increased its holdings in Employers by 11.8% during the 2nd quarter. State Street Corp now owns 857,434 shares of the financial services provider’s stock worth $36,267,000 after purchasing an additional 90,172 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Employers by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 562,065 shares of the financial services provider’s stock worth $23,774,000 after purchasing an additional 44,404 shares during the period. 77.40% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Douglas D. Dirks sold 58,300 shares of Employers stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $49.55, for a total value of $2,888,765.00. Following the transaction, the chief executive officer now directly owns 331,145 shares in the company, valued at approximately $16,408,234.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

EIG has been the topic of several research reports. Zacks Investment Research downgraded Employers from a “buy” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine downgraded Employers from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks restated a “buy” rating and set a $53.00 price objective on shares of Employers in a report on Friday, October 27th. Finally, Buckingham Research initiated coverage on Employers in a report on Monday, September 11th. They set an “underperform” rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.33.

Employers Holdings, Inc. (NYSE:EIG) opened at $47.00 on Friday. The company has a market capitalization of $1,524.26, a price-to-earnings ratio of 16.97 and a beta of 1.13. Employers Holdings, Inc. has a fifty-two week low of $35.60 and a fifty-two week high of $50.45.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.60 annualized dividend and a yield of 1.28%. Employers’s payout ratio is currently 18.81%.

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Employers 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 (NYSE:EIG)

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