Nationwide Fund Advisors cut its position in shares of Employers Holdings Inc. (NYSE:EIG) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 147,834 shares of the company’s stock after selling 838 shares during the period. Nationwide Fund Advisors owned about 0.46% of Employers Holdings worth $4,290,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in EIG. Dalton Greiner Hartman Maher & Co. bought a new position in Employers Holdings during the second quarter worth $12,834,000. Norges Bank bought a new position in Employers Holdings during the fourth quarter worth $11,721,000. Teachers Advisors Inc. raised its position in Employers Holdings by 223.9% in the first quarter. Teachers Advisors Inc. now owns 311,419 shares of the company’s stock worth $8,763,000 after buying an additional 215,264 shares in the last quarter. Renaissance Technologies LLC raised its position in Employers Holdings by 51.6% in the first quarter. Renaissance Technologies LLC now owns 402,200 shares of the company’s stock worth $11,318,000 after buying an additional 136,928 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in Employers Holdings during the second quarter worth $3,815,000. 78.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Employers Holdings Inc. (NYSE:EIG) traded down 1.21% during mid-day trading on Monday, reaching $29.47. The company had a trading volume of 24,975 shares. The company has a market capitalization of $955.95 million, a price-to-earnings ratio of 9.79 and a beta of 1.21. Employers Holdings Inc. has a one year low of $20.86 and a one year high of $32.03. The company has a 50 day moving average price of $29.62 and a 200 day moving average price of $29.22.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The business earned $201.80 million during the quarter, compared to analyst estimates of $197.92 million. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. On average, analysts anticipate that Employers Holdings Inc. will post $2.11 EPS for the current year.
Separately, Zacks Investment Research upgraded Employers Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th.
In other Employers Holdings news, EVP Richard P. Hallman sold 16,588 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $27.71, for a total transaction of $459,653.48. Following the transaction, the executive vice president now owns 30,342 shares in the company, valued at approximately $840,776.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen V. Festa sold 9,647 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $32.00, for a total value of $308,704.00. Following the transaction, the chief operating officer now owns 48,669 shares in the company, valued at approximately $1,557,408. The disclosure for this sale can be found here. Company 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. The Company 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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