Voya Investment Management LLC Has $714,000 Position in Employers Holdings Inc (EIG)
Voya Investment Management LLC boosted its holdings in Employers Holdings Inc (NYSE:EIG) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,885 shares of the financial services provider’s stock after acquiring an additional 1,014 shares during the quarter. Voya Investment Management LLC owned 0.05% of Employers Holdings worth $714,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Employers Holdings by 56,909.6% in the 1st quarter. BlackRock Inc. now owns 4,130,349 shares of the financial services provider’s stock valued at $156,746,000 after acquiring an additional 4,123,104 shares in the last quarter. Vanguard Group Inc. lifted its position in Employers Holdings by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock valued at $121,764,000 after acquiring an additional 80,745 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Employers Holdings by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,442,581 shares of the financial services provider’s stock valued at $103,322,000 after acquiring an additional 91,595 shares in the last quarter. Northern Trust Corp lifted its position in Employers Holdings by 1.4% in the 2nd quarter. Northern Trust Corp now owns 1,119,917 shares of the financial services provider’s stock valued at $47,372,000 after acquiring an additional 15,825 shares in the last quarter. Finally, State Street Corp lifted its position in Employers Holdings by 7.6% in the 1st quarter. State Street Corp now owns 767,262 shares of the financial services provider’s stock valued at $29,122,000 after acquiring an additional 54,392 shares in the last quarter. 77.52% of the stock is currently owned by institutional investors and hedge funds.
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EIG has been the topic of several analyst reports. Zacks Investment Research raised Employers Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Monday, July 31st. BidaskClub cut Employers Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Buckingham Research initiated coverage on Employers Holdings in a research report on Monday, September 11th. They issued an “underperform” rating and a $36.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.33.
Employers Holdings Inc (EIG) opened at 47.70 on Wednesday. Employers Holdings Inc has a 12-month low of $29.55 and a 12-month high of $47.85. The company has a market capitalization of $1.55 billion, a PE ratio of 14.77 and a beta of 1.12. The stock’s 50 day moving average price is $45.07 and its 200 day moving average price is $42.43.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $210.50 million for the quarter, compared to analyst estimates of $193.04 million. On average, equities analysts anticipate that Employers Holdings Inc will post $2.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, November 7th. Employers Holdings’s dividend payout ratio is currently 18.81%.
Employers Holdings 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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