Emerald Advisers Inc. PA Sells 6,618 Shares of Employers Holdings Inc. (EIG)
Emerald Advisers Inc. PA reduced its position in Employers Holdings Inc. (NYSE:EIG) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,643 shares of the company’s stock after selling 6,618 shares during the period. Emerald Advisers Inc. PA’s holdings in Employers Holdings were worth $947,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of EIG. Glenmede Trust Co. NA raised its position in Employers Holdings by 0.3% in the first quarter. Glenmede Trust Co. NA now owns 17,015 shares of the company’s stock worth $477,000 after buying an additional 58 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Employers Holdings by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock worth $418,000 after buying an additional 100 shares during the period. Scotia Capital Inc. raised its stake in shares of Employers Holdings by 2.9% in the first quarter. Scotia Capital Inc. now owns 13,085 shares of the company’s stock worth $368,000 after buying an additional 371 shares during the period. Aperio Group LLC raised its stake in shares of Employers Holdings by 5.8% in the first quarter. Aperio Group LLC now owns 12,571 shares of the company’s stock worth $354,000 after buying an additional 689 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of Employers Holdings by 14.0% in the second quarter. Capstone Asset Management Co. now owns 14,860 shares of the company’s stock worth $431,000 after buying an additional 1,820 shares during the period. 78.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Employers Holdings Inc. (NYSE:EIG) traded down 0.46% during midday trading on Tuesday, hitting $30.20. 46,163 shares of the company’s stock were exchanged. Employers Holdings Inc. has a 52 week low of $22.37 and a 52 week high of $32.03. The company has a 50-day moving average of $29.85 and a 200-day moving average of $29.34. The firm has a market cap of $979.63 million, a price-to-earnings ratio of 10.04 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last announced its earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. Employers Holdings had a net margin of 12.66% and a return on equity of 11.05%. The company earned $201.80 million during the quarter, compared to the consensus estimate of $197.92 million. Equities research analysts expect that Employers Holdings Inc. will post $2.11 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
In other Employers Holdings news, EVP Richard P. Hallman sold 16,588 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 30,342 shares of the company’s stock, valued at $840,776.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ann W. Nelson sold 20,458 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $30.00, for a total transaction of $613,740.00. Following the completion of the transaction, the executive vice president now directly owns 62,660 shares of the company’s stock, valued at $1,879,800. 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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