Employers Holdings, Inc. (NYSE:EIG) Short Interest Update

Employers Holdings, Inc. (NYSE:EIG) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 448,300 shares, a decline of 7.3% from the December 15th total of 483,500 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 117,300 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EIG. Versant Capital Management Inc raised its stake in Employers by 50.1% in the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 199 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Employers by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock worth $55,000 after buying an additional 358 shares in the last quarter. FMR LLC raised its position in shares of Employers by 15.2% in the third quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after buying an additional 200 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Employers in the second quarter valued at about $257,000. Finally, Intech Investment Management LLC purchased a new position in shares of Employers in the second quarter worth about $257,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

EIG has been the topic of a number of analyst reports. StockNews.com cut shares of Employers from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial increased their price target on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Employers Price Performance

NYSE EIG traded down $0.41 during trading hours on Friday, reaching $49.82. The company’s stock had a trading volume of 132,020 shares, compared to its average volume of 125,656. Employers has a 1-year low of $38.67 and a 1-year high of $54.44. The company’s 50-day moving average is $51.62 and its two-hundred day moving average is $48.72. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.33 and a beta of 0.27.

Employers (NYSE:EIG) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Employers had a return on equity of 9.78% and a net margin of 15.27%. The firm had revenue of $224.00 million for the quarter, compared to analyst estimates of $225.19 million. Equities analysts forecast that Employers will post 3.65 EPS for the current fiscal year.

Employers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.41%. Employers’s dividend payout ratio (DPR) is 22.47%.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers’ compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.