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Employers Holdings, Inc. receives a $108,000 investment from Counterpoint Mutual Funds LLC (NYSE:EIG)

Employers Holdings, Inc. receives a $108,000 investment from Counterpoint Mutual Funds LLC (NYSE:EIG)

Employers Holdings, Inc. (NYSE: EIG), which was the subject of the most recent transaction, was recently acquired by Counterpoint Mutual Funds LLC, as stated in the most recent disclosure that the company has made with the Securities and Exchange Commission. The corporation purchased the stock held by the provider of financial services for a total cost of approximately $108,000, which allowed it to acquire 3,117 shares.

Recent market activity has been characterized by several other institutional investors purchasing and selling EIG shares. During the third quarter, Great West Life Assurance Company of Canada increased its ownership of Employers’ stock by 15.3%. Great West Life Assurance Co. has a total of 31,125 shares of stock in the company that provides financial services after making an additional purchase of 4,141 shares during that period. There is currently a $1,073,000 price tag attached to these shares. The State of New Jersey Common Pension Fund D successfully achieved an 8.3% increase in its employer ownership during the third quarter of the fiscal year. The State of New Jersey Common Pension Fund D now owns a total of 60,321 stock held by the financial services provider following the acquisition of an additional 4,601 shares during the most recent quarter. The current market value of the State of New Jersey Common Pension Fund D’s holdings is $2,080,000. The most recent fiscal quarter was used for the purchase of these shares. US Bancorp DE successfully increased its ownership of Employers by 31.6% over the third quarter. Following the acquisition of an additional 514 shares during the period in question, US Bancorp DE now has a total ownership of 2,140 stock valued at $74,000 and held by the provider of financial services. Strs Ohio offered an employee approximately $30,000 in compensation for a new position with Employers during the third quarter. During the third quarter, Allspring Global Investments Holdings LLC added 21.5% more Employer stock to its portfolio, bringing its total ownership to a new high. Allspring Global Investments Holdings LLC now has 95,469 shares held by the financial services provider. These shares have a value of $3,292,000 and were acquired by the company after purchasing an additional 16,904 shares during the relevant period. Most of the company’s shares, or 78.14 percent, are owned by institutional investors and hedge funds.

On multiple occasions, research analysts have expressed their thoughts and opinions regarding the company. The Street raised the rating for employers from “c+” to “b” in a report made available to the public on November 10. On Wednesday, October 12, a report centered on Employers’ stock was the topic of discussion on, where it was published for the first time. They advised their clients to “hold” the stock moving forward.

EIG started its first day of trading on Thursday for $42.97. The company’s market capitalization is 1.17 billion dollars, and its price-to-earnings ratio is 21.49. The beta value of the stock is 0.25. The company’s moving averages for the past 50 days are currently sitting at $43.43, and the moving average for the past 200 days is currently at $40.47. Prices for Employers Holdings, Inc. ranged between a low of $32.58 and a high of $46.73 over the preceding year, with the low coming in on February 5 and the high coming in on April 6.

On Thursday, October 27, Employers (NYSE: EIG) disseminated the company’s most recent quarterly earnings report. The company that provides financial services reported earnings per share for the quarter of $0.56, which was $0.15 higher than the consensus estimate of $0.41. The company’s revenue for the quarter came in at $204.4 million, significantly higher than the industry professionals’ average estimate of $186.34 million, which was the estimate for the company’s revenue. The return on equity came in at 7.25 percent for the employers, while their net margin was 8.10 percent. Employers Holdings, Inc. is expected to generate earnings of $2.45 per share during the current fiscal year, as stated by the projections of market research analysts.

In addition, the corporation recently announced that it would not be paying any dividends on Tuesday, December 20. This dividend was distributed to shareholders. On Tuesday, December 6, $1.25 dividend payments per share were mailed out to those shareholders whose information was recorded in the company’s books. On Monday, December 5, the dividend was sent out to shareholders who had been eligible for it. At this point, the companies’ dividend proportion stands at 52.00%.

Employers Holdings, Inc., through its wholly-owned subsidiaries, is primarily involved in doing business in the commercial property and liability insurance sectors in the United States. It offers workers’ compensation insurance to small businesses engaged in industries with a low-to-medium risk of their employees becoming injured on the job. The company sells its wares through independent agents and brokers locally, regionally, nationally, alternative distribution channels, and local, regional, and national trade groups and associations. It also works directly with customers to sell the products that they have manufactured.


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