StockNews.com began coverage on shares of Employers (NYSE:EIG – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.
A number of other research analysts have also recently commented on the company. Truist Financial increased their target price on Employers from $52.00 to $53.00 and gave the company a buy rating in a research note on Tuesday, February 21st. Janney Montgomery Scott assumed coverage on Employers in a research note on Friday, February 24th. They issued a buy rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $51.50.
Employers Stock Down 4.0 %
EIG opened at $40.87 on Thursday. The stock has a market cap of $1.11 billion, a PE ratio of 22.96 and a beta of 0.24. Employers has a 52 week low of $32.58 and a 52 week high of $46.73. The business’s fifty day simple moving average is $43.08 and its 200 day simple moving average is $41.28.
Employers Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, February 28th. Employers’s dividend payout ratio (DPR) is 58.43%.
Hedge Funds Weigh In On Employers
Several hedge funds and other institutional investors have recently modified their holdings of the company. Martingale Asset Management L P raised its stake in shares of Employers by 1.0% during the second quarter. Martingale Asset Management L P now owns 30,162 shares of the financial services provider’s stock valued at $1,265,000 after acquiring an additional 300 shares during the last quarter. US Bancorp DE raised its stake in shares of Employers by 31.6% during the third quarter. US Bancorp DE now owns 2,140 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 514 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of Employers by 3.7% during the fourth quarter. Pathstone Family Office LLC now owns 17,091 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 617 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Employers by 15.6% during the second quarter. Mutual of America Capital Management LLC now owns 4,659 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 629 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Employers in the fourth quarter worth about $27,000. 78.14% of the stock is owned by institutional investors.
Employers Holdings, Inc engages in the provision of workers compensation products and services. It operates through following segments: Employers, Cerity, and Corporate and Others. The Employers segment includes traditional business offered under the EMPLOYERS brand name through agents. The Cerity segment operates under the Cerity brand name, which includes direct-to-customer business.
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