Deprince Race & Zollo Inc. lowered its stake in shares of Employers Holdings Inc. (NYSE:EIG) by 62.7% during the second quarter, Holdings Channel reports. The fund owned 55,036 shares of the company’s stock after selling 92,572 shares during the period. Deprince Race & Zollo Inc.’s holdings in Employers Holdings were worth $1,597,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Fund Advisors raised its position in Employers Holdings by 1.0% in the first quarter. BlackRock Fund Advisors now owns 1,973,490 shares of the company’s stock valued at $55,534,000 after buying an additional 19,958 shares during the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new position in Employers Holdings during the second quarter valued at $12,834,000. 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 valued at $11,318,000 after buying an additional 136,928 shares during the last quarter. 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 valued at $8,763,000 after buying an additional 215,264 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Employers Holdings by 9.0% in the first quarter. Prudential Financial Inc. now owns 302,108 shares of the company’s stock valued at $8,501,000 after buying an additional 25,000 shares during the last quarter. 78.25% of the stock is currently owned by hedge funds and other institutional investors.
Employers Holdings Inc. (NYSE:EIG) traded up 1.55% on Friday, reaching $30.22. The company had a trading volume of 79,067 shares. Employers Holdings Inc. has a 12 month low of $21.43 and a 12 month high of $32.03. The firm has a 50 day moving average price of $29.76 and a 200-day moving average price of $29.27. The stock has a market capitalization of $980.28 million, a price-to-earnings ratio of 10.04 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.57. The firm had revenue of $201.80 million for 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%. Analysts forecast that Employers Holdings Inc. will post $2.11 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Employers Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th.
In other Employers Holdings news, COO Stephen V. Festa sold 9,647 shares of the stock in a transaction 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 directly owns 48,669 shares in the company, valued at approximately $1,557,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen V. Festa sold 5,700 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $31.00, for a total value of $176,700.00. Following the completion of the transaction, the chief operating officer now owns 44,722 shares in the company, valued at $1,386,382. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.
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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