First Trust Advisors LP cut its stake in shares of Employers Holdings Inc. (NYSE:EIG) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,775 shares of the company’s stock after selling 5,893 shares during the period. First Trust Advisors LP owned approximately 0.18% of Employers Holdings worth $1,677,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Employers Holdings during the fourth quarter valued at approximately $11,721,000. Glenmede Trust Co. NA increased its stake in Employers Holdings by 0.3% in the first quarter. Glenmede Trust Co. NA now owns 17,015 shares of the company’s stock valued at $477,000 after buying an additional 58 shares during the last quarter. Aperio Group LLC increased its stake in Employers Holdings by 5.8% in the first quarter. Aperio Group LLC now owns 12,571 shares of the company’s stock valued at $354,000 after buying an additional 689 shares during the last quarter. Teachers Advisors Inc. increased its stake 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. increased its stake 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 owned by institutional investors.
Employers Holdings Inc. (NYSE:EIG) traded down 0.33% during midday trading on Tuesday, hitting $29.81. The stock had a trading volume of 103,816 shares. The stock’s 50-day moving average is $29.47 and its 200-day moving average is $29.18. The stock has a market capitalization of $966.98 million, a PE ratio of 9.91 and a beta of 1.05. Employers Holdings Inc. has a 1-year low of $20.86 and a 1-year high of $32.03.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. The business had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $197.92 million. On average, equities research analysts anticipate that Employers Holdings Inc. will post $2.11 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Employers Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In other Employers Holdings news, COO Stephen V. Festa sold 9,647 shares of the business’s 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 sale, the chief operating officer now directly owns 48,669 shares in the company, valued at $1,557,408. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Richard P. Hallman sold 16,588 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $27.71, for a total value of $459,653.48. Following the completion of the sale, the executive vice president now owns 30,342 shares in the company, valued at $840,776.82. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.
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. 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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