Employers Holdings Inc. (EIG) Stake Boosted by Victory Capital Management Inc.
Victory Capital Management Inc. increased its position in Employers Holdings Inc. (NYSE:EIG) by 42.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,758 shares of the company’s stock after buying an additional 1,120 shares during the period. Victory Capital Management Inc.’s holdings in Employers Holdings were worth $109,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Employers Holdings during the second quarter worth about $658,000. Ameriprise Financial Inc. boosted its position in Employers Holdings by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 631,701 shares of the company’s stock worth $18,333,000 after buying an additional 7,161 shares in the last quarter. LSV Asset Management boosted its position in Employers Holdings by 858.4% in the second quarter. LSV Asset Management now owns 104,201 shares of the company’s stock worth $3,023,000 after buying an additional 93,329 shares in the last quarter. Ifrah Financial Services Inc. boosted its position in Employers Holdings by 5.2% in the second quarter. Ifrah Financial Services Inc. now owns 9,117 shares of the company’s stock worth $265,000 after buying an additional 451 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Employers Holdings by 11.2% in the second quarter. PNC Financial Services Group Inc. now owns 161,882 shares of the company’s stock worth $4,698,000 after buying an additional 16,310 shares in the last quarter. Institutional investors own 78.25% of the company’s stock.
Employers Holdings Inc. (NYSE:EIG) traded up 1.11% during midday trading on Friday, hitting $30.09. The stock had a trading volume of 6,232 shares. The company has a market cap of $976.06 million, a P/E ratio of 10.00 and a beta of 1.21. Employers Holdings Inc. has a 12 month low of $21.43 and a 12 month high of $32.03. The firm’s 50-day moving average price is $29.76 and its 200 day moving average price is $29.27.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the 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 analyst estimates of $197.92 million. On average, analysts expect that Employers Holdings Inc. will post $2.11 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut Employers Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
In other Employers Holdings news, EVP Ann W. Nelson sold 1,142 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $30.00, for a total value of $34,260.00. Following the completion of the sale, the executive vice president now owns 43,344 shares in the company, valued at approximately $1,300,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Stephen V. Festa sold 5,700 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $31.00, for a total value of $176,700.00. Following the completion of the sale, the chief operating officer now owns 44,722 shares of the company’s stock, valued at approximately $1,386,382. The disclosure for this sale can be found here. Corporate 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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