Martingale Asset Management L P raised its position in shares of Employers Holdings Inc (NYSE:EIG) by 55.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,158 shares of the financial services provider’s stock after buying an additional 35,206 shares during the quarter. Martingale Asset Management L P owned about 0.31% of Employers Holdings worth $4,195,000 as of its most recent SEC filing.

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

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

Shares of Employers Holdings Inc (NYSE:EIG) opened at 40.75 on Friday. The stock has a 50 day moving average price of $42.03 and a 200 day moving average price of $40.55. Employers Holdings Inc has a 1-year low of $28.81 and a 1-year high of $44.55. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.62 and a beta of 1.10.

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

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

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

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