Bessemer Group Inc. boosted its stake in shares of Employers Holdings Inc (NYSE:EIG) by 58.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,600 shares of the financial services provider’s stock after buying an additional 15,300 shares during the period. Bessemer Group Inc.’s holdings in Employers Holdings were worth $1,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Employers Holdings by 56,909.6% in the first quarter. BlackRock Inc. now owns 4,130,349 shares of the financial services provider’s stock valued at $156,746,000 after buying an additional 4,123,104 shares during the period. FMR LLC increased its position in shares of Employers Holdings by 0.8% in the first quarter. FMR LLC now owns 2,889,888 shares of the financial services provider’s stock valued at $109,672,000 after buying an additional 22,052 shares during the period. Vanguard Group Inc. increased its position in shares of Employers Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,797,847 shares of the financial services provider’s stock valued at $106,177,000 after buying an additional 147,837 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Employers Holdings by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,350,986 shares of the financial services provider’s stock valued at $89,220,000 after buying an additional 119,843 shares during the period. Finally, State Street Corp increased its position in shares of Employers Holdings by 7.6% in the first quarter. State Street Corp now owns 767,262 shares of the financial services provider’s stock valued at $29,122,000 after buying an additional 54,392 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

Employers Holdings Inc (NYSE:EIG) opened at 42.15 on Friday. The company has a market capitalization of $1.37 billion, a P/E ratio of 13.05 and a beta of 1.09. Employers Holdings Inc has a 1-year low of $28.33 and a 1-year high of $44.55. The firm’s 50-day moving average is $42.88 and its 200-day moving average is $39.84.

Employers Holdings (NYSE:EIG) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. The business had revenue of $191.10 million for the quarter, compared to analyst estimates of $194.78 million. Equities research analysts predict that Employers Holdings Inc will post $2.30 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, August 7th. Employers Holdings’s dividend payout ratio (DPR) is currently 18.63%.

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Several research analysts have recently weighed in on EIG shares. Zacks Investment Research upgraded shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, June 7th. ValuEngine upgraded shares of Employers Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.

In related news, CEO Douglas D. Dirks sold 83,890 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $41.93, for a total transaction of $3,517,507.70. Following the transaction, the chief executive officer now owns 409,535 shares of the company’s stock, valued at $17,171,802.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.

About Employers Holdings

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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Institutional Ownership by Quarter for Employers Holdings (NYSE:EIG)

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