Employers Holdings Inc. (EIG) Stake Held by Strs Ohio
Strs Ohio held its position in shares of Employers Holdings Inc. (NYSE:EIG) during the second quarter, Holdings Channel reports. The fund owned 29,200 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Employers Holdings were worth $847,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in EIG. BlackRock Fund Advisors boosted its position in shares of Employers Holdings by 1.0% in the first quarter. BlackRock Fund Advisors now owns 1,973,490 shares of the company’s stock worth $55,534,000 after buying an additional 19,958 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Employers Holdings during the second quarter worth $12,834,000. Renaissance Technologies LLC boosted 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 worth $11,318,000 after buying an additional 136,928 shares during the period. Teachers Advisors Inc. boosted 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 worth $8,763,000 after buying an additional 215,264 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Employers Holdings by 9.0% in the first quarter. Prudential Financial Inc. now owns 302,108 shares of the company’s stock worth $8,501,000 after buying an additional 25,000 shares during the period. 78.22% of the stock is currently owned by hedge funds and other institutional investors.
Employers Holdings Inc. (NYSE:EIG) traded up 0.16% during mid-day trading on Tuesday, hitting $30.80. 70,761 shares of the stock were exchanged. Employers Holdings Inc. has a 52 week low of $22.58 and a 52 week high of $32.03. The stock has a market cap of $999.09 million, a price-to-earnings ratio of 10.24 and a beta of 1.21. The company has a 50 day moving average price of $30.12 and a 200 day moving average price of $29.43.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $201.80 million for the quarter, compared to the consensus estimate of $197.92 million. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. Analysts expect that Employers Holdings Inc. will post $2.11 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Employers Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th.
In other Employers Holdings news, 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 sale, the executive vice president now owns 62,660 shares in the company, valued at approximately $1,879,800. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Stephen V. Festa sold 9,647 shares of the business’s stock in a transaction dated 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 owns 48,669 shares in the company, valued at approximately $1,557,408. The disclosure for this sale can be found here. Company 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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