Emerald Mutual Fund Advisers Trust Has $422,000 Position in Employers Holdings Inc. (EIG)
Emerald Mutual Fund Advisers Trust cut its stake in Employers Holdings Inc. (NYSE:EIG) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,531 shares of the company’s stock after selling 1,954 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Employers Holdings were worth $422,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Employers Holdings during the second quarter valued at approximately $12,834,000. Teachers Advisors Inc. increased its position in shares of 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. Renaissance Technologies LLC increased its position in shares of 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. Bank of Montreal Can acquired a new position in shares of Employers Holdings during the second quarter valued at approximately $3,815,000. Finally, Smith Asset Management Group LP increased its position in shares of Employers Holdings by 153.6% in the second quarter. Smith Asset Management Group LP now owns 92,210 shares of the company’s stock valued at $2,676,000 after buying an additional 55,850 shares during the last quarter. 78.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Employers Holdings Inc. (NYSE:EIG) traded up 0.40% on Monday, hitting $30.34. The stock had a trading volume of 67,546 shares. The company has a 50 day moving average of $29.80 and a 200-day moving average of $29.29. Employers Holdings Inc. has a 12-month low of $21.67 and a 12-month high of $32.03. The firm has a market capitalization of $984.17 million, a P/E ratio of 10.08 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $197.92 million. Employers Holdings had a net margin of 12.66% and a return on equity of 11.05%. Equities analysts predict 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 news, EVP Ann W. Nelson sold 20,458 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $30.00, for a total transaction of $613,740.00. Following the transaction, the executive vice president now directly owns 62,660 shares of the company’s stock, valued at $1,879,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen V. Festa sold 9,647 shares of the firm’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 transaction of $308,704.00. Following the transaction, the chief operating officer now directly owns 48,669 shares in the company, valued at $1,557,408. The disclosure for this sale can be found here. 4.00% of the stock is currently 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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