KBC Group NV lowered its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,285 shares of the financial services provider’s stock after selling 5,165 shares during the quarter. KBC Group NV owned approximately 0.10% of Employers worth $1,422,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Employers by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,469,965 shares of the financial services provider’s stock worth $112,260,000 after acquiring an additional 27,384 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Employers by 2.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 227,465 shares of the financial services provider’s stock worth $10,339,000 after acquiring an additional 5,837 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Employers by 35.2% during the third quarter. Wells Fargo & Company MN now owns 48,627 shares of the financial services provider’s stock worth $2,211,000 after acquiring an additional 12,673 shares during the last quarter. Legal & General Group Plc raised its position in shares of Employers by 3.5% during the third quarter. Legal & General Group Plc now owns 64,595 shares of the financial services provider’s stock worth $2,936,000 after acquiring an additional 2,207 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Employers by 33.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,200 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 77.40% of the company’s stock.
Shares of Employers Holdings, Inc. (NYSE EIG) opened at $47.00 on Wednesday. Employers Holdings, Inc. has a 52 week low of $35.60 and a 52 week high of $50.45. The company has a market capitalization of $1,532.35, a price-to-earnings ratio of 17.06 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Employers’s dividend payout ratio (DPR) is presently 18.81%.
In related 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 transaction of $2,888,765.00. Following the completion of the sale, the chief executive officer now directly owns 331,145 shares of the company’s stock, valued at $16,408,234.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on the company. Buckingham Research assumed coverage on Employers in a research report on Monday, September 11th. They set an “underperform” rating and a $36.00 target price for the company. Zacks Investment Research cut Employers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price objective on shares of Employers in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.33.
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Employers Company 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.
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