BNP Paribas Arbitrage SA boosted its position in Employers Holdings Inc (NYSE:EIG) by 44.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,114 shares of the financial services provider’s stock after acquiring an additional 4,053 shares during the period. BNP Paribas Arbitrage SA’s holdings in Employers Holdings were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EIG. Louisiana State Employees Retirement System grew its stake in Employers Holdings by 1.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 200 shares during the period. Russell Investments Group Ltd. grew its stake in Employers Holdings by 31.0% in the 1st quarter. Russell Investments Group Ltd. now owns 30,744 shares of the financial services provider’s stock worth $1,166,000 after acquiring an additional 7,270 shares during the period. Great West Life Assurance Co. Can grew its stake in Employers Holdings by 7.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 47,395 shares of the financial services provider’s stock worth $1,796,000 after acquiring an additional 3,318 shares during the period. Comerica Bank grew its stake in Employers Holdings by 3.3% in the 1st quarter. Comerica Bank now owns 35,618 shares of the financial services provider’s stock worth $1,410,000 after acquiring an additional 1,135 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in Employers Holdings by 87.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 13,842 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 6,443 shares during the period. 77.33% of the stock is owned by hedge funds and other institutional investors.

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Several analysts have commented on the stock. Buckingham Research assumed coverage on shares of Employers Holdings in a research note on Monday. They issued an “underperform” rating and a $36.00 target price for the company. Zacks Investment Research cut shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Finally, BidaskClub cut shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.50.

Shares of Employers Holdings Inc (NYSE:EIG) opened at 40.75 on Thursday. The stock has a market capitalization of $1.32 billion, a PE ratio of 12.62 and a beta of 1.10. Employers Holdings Inc has a 52 week low of $28.81 and a 52 week high of $44.55. The stock’s 50 day moving average is $42.20 and its 200 day moving average is $40.55.

Employers Holdings (NYSE:EIG) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The business had revenue of $191.10 million during the quarter, compared to the consensus estimate of $194.78 million. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. Analysts anticipate that Employers Holdings Inc will post $2.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a $0.15 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. Employers Holdings’s dividend payout ratio (DPR) is presently 18.63%.

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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