First Citizens Bank & Trust Co. Takes Position in Employers Holdings Inc. (EIG)
First Citizens Bank & Trust Co. bought a new stake in shares of Employers Holdings Inc. (NYSE:EIG) during the second quarter, Holdings Channel reports. The fund bought 14,523 shares of the company’s stock, valued at approximately $421,000.
Several other hedge funds have also modified their holdings of EIG. BNP Paribas Arbitrage SA boosted its stake in shares of Employers Holdings by 108.9% in the second quarter. BNP Paribas Arbitrage SA now owns 10,445 shares of the company’s stock valued at $303,000 after buying an additional 5,444 shares during the last quarter. Aperio Group LLC boosted 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 valued at $354,000 after buying an additional 689 shares during the last quarter. Palo Capital Inc. acquired a new stake in shares of Employers Holdings during the second quarter valued at approximately $378,000. Scotia Capital Inc. boosted 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 valued at $368,000 after buying an additional 371 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted 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 valued at $418,000 after buying an additional 100 shares during the last quarter. Institutional investors own 78.22% of the company’s stock.
Employers Holdings Inc. (NYSE:EIG) traded up 0.29% during mid-day trading on Monday, hitting $30.75. 63,921 shares of the company were exchanged. The company’s 50-day moving average is $30.06 and its 200 day moving average is $29.40. Employers Holdings Inc. has a 12-month low of $22.58 and a 12-month high of $32.03. The company has a market capitalization of $997.47 million, a P/E ratio of 10.22 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last issued its earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. Employers Holdings had a net margin of 12.66% and a return on equity of 11.05%. The firm had revenue of $201.80 million for the quarter, compared to analyst estimates of $197.92 million. Analysts expect that Employers Holdings Inc. will post $2.11 EPS for the current year.
Separately, Zacks Investment Research cut shares of Employers Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st.
In other Employers Holdings news, COO Stephen V. Festa sold 9,647 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $32.00, for a total value of $308,704.00. Following the sale, the chief operating officer now owns 48,669 shares in the company, valued at $1,557,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann W. Nelson sold 1,142 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $30.00, for a total transaction 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 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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